NY fund back in bidding war for Bord Gáis Energy

In a bad omen for the sale of Bord Gáis Energy, it has been reported that the New York-based fund Blackstone has been invited into the final round of bidding.

It is understood that Blackstone is considering entering into the bidding process following the refusal of British utility Centrica not to raise its bid above €1bn.

Last month, the Malaysian state power firm Tenaga Nasional scrapped its bid for the power-generating arm of Bord Gáis.