Monday July 13, 2020

Islamic funds eyeing up Irish utility assets, says investment firm

Middle East and Asian sovereign wealth funds are considering investing in utility assets such as the Bord Gáis energy division and Electric Ireland power plants.

20th April, 2013

Middle East and Asian sovereign wealth funds are considering investing in utility assets such as the Bord Gáis energy division and Electric Ireland power plants, according to Islamic finance advisers who have been in touch with NewERA, the state agency charged with disposing of state assets.

Amanie Advisors, which scouts investment opportunities that comply with Islam's sharia law, said a range of potential buyers had expressed an interest in some of the assets...

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