Plan to sell minority stakes in state assets to be agreed

PLANS to sell minority stakes in strategic state companies including the ESB and Bord Gáis are likely to be agreed in the autumn, as part of a compromise between Fine Gael and Labour on the issue.

The Government has strengthened its commitment to dispose of assets as part of a plan that would raise €2 billion for investing in water, broadband and other infrastructure projects.

A revised memorandum of understanding between the Government and the troika of the EU, ECB and IMF said the Government would consider an “ambitious programme of asset disposal” by December.