Government to announce list of State sell-offs today

The Government will today announce the list of State-owned businesses it intends to sell, amid speculation it could offload as much as €3bn worth of assets.

Parts of major companies such as Bord Gáis are expected to be put up for sale in order to comply with the terms of the EU/ECB/IMF bailout.

The bailout commits the Government to an “ambitious programme of state asset disposals” in order to pay down debt. However, the Government will also be allowed use some of the proceeds for reinvestment in job-creation programmes.