Bord Gáis Energy sold for €1.1bn

The country’s coffers are to be boosted by more than €1bn as the proceeds from the sale of Bord Gáis Energy are expected to be lodged with the Government in the first half of the year.

Britain’s Centrica and consortium partners iCON Infrastructure and Brookfield Renewable Energy will buy the retail arm and assets of State-owned Bord Gáis for €1.1bn.

The announcement was confirmed in a statement to the stock exchange by Centrica plc yesterday morning.