The price achieved by Bord Gais Energy, which is being sold off by the state, is likely to be on the lower end of the €1 to €1.5 billion figure speculated, according to Davy.
The formal sale process is about to begin and a deal is expected to be concluded by the end of the year.
The broker said in a note today that the growth in the group's energy EBITDA (earnings before interest tax,...
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