One in five bosses fears fire sale of state silver
Published 10/04/2011 | 05:00
Despite assurances that it can get a good deal for profitable state companies, one-in-five Irish business leaders believes that the Government hasn't learned from the mistakes of previous administrations and will sell off public assets at fire-sale prices.
The Coalition outlined in their Programme for Government plans to raise €2bn by selling off non-strategic companies, which may include Bord Gais, the ESB and the Dublin Airport Authority.
However, privatising state-owned firms has been notoriously mismanaged in the past, particularly the disastrous flotation of Eircom in 1999 by the then Minister for Public Enterprise Mary O'Rourke.
Sunday Indo Business