Thursday, 24 October 2013

Questions (24)

Éamon Ó Cuív

Question:

24. Deputy Éamon Ó Cuív asked the Minister for Communications, Energy and Natural Resources if he will provide an update on the proposals to sell the energy section of Bord Gáis Éireann; if the division of Bord Gáis Éireann debt between the two proposed new companies has been decided; and if he will make a statement on the matter. [44980/13]

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Written answers (Question to Communications)

Bord Gáis Éireann is in the process of selling its energy business, Bord Gáis Energy. BGÉ and its advisors, working with NewERA, who are advising the Government in relation to the sale, are currently assessing the latest bids received for Bord Gáis Energy. The Deputy will understand that, as the process is ongoing, it would be inappropriate for me to make any further public comment on either the transaction or the way in which debt may be treated as part of the transaction.