Thursday 19 January 2017

More state asset sales on the way

Published 23/02/2012 | 05:00

Yesterday's announcement of a €3bn programme of state asset sales by the Government is likely to prove to be the opening move in a process which will see most of the semi-state sector and other state-owned assets privatised over the next few years.

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In truth, yesterday's announcement was about the least the Government could have hoped to get away with if it wasn't to draw the wrath of the EU/ECB/IMF "troika" down on its head.

The sale of a minority stake in the ESB is off the agenda for now with only unspecified "non-core" generating assets set to be sold.

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