Dáil Éireann Debate, Tuesday - 21 May 2013
458. Deputy Michael McCarthy asked the Minister for Communications, Energy and Natural Resources if he will clarify the implications for employees of Bord Gáis if a division of the company is sold off this year; and if he will make a statement on the matter. [23715/13]
View answerThe sale of Bord Gáis Éireann’s energy business is part of the Government’s State assets disposal programme and is being pursued as a commitment under the EU/IMF programme and as provided for in the Programme for Government.
The sale process was formally launched by Bord Gáis Éireann on 3 May last, and subject to market conditions, it is expected that the sale will be concluded by the end of this year.
The employees of Bord Gáis Energy are an integral part of the business and key to the continued growth of this company. I am advised that the employees will transfer to the new owner on completion of the transaction.
It is important to state that a significant proportion of the proceeds from the sale of Bord Gáis Energy will be ring-fenced for re-investment in the economy to underpin jobs, investment and growth. I believe that the sale can deliver positive outcomes for Ireland’s energy markets, for Bord Gáis Éireann and its employees.
