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One in five bosses fears fire sale of state silver

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