McCarthy report: Sell off Bord Gáis, ESB and National Stud

The break-up of the ESB, the privatisation of Dublin Bus and the sale of Bord na Móna and the remaining stake in Aer Lingus are just some of the recommendations in a new report to Government.

The break-up of the ESB, the privatisation of Dublin Bus and the sale of Bord na Móna and the remaining stake in Aer Lingus are just some of the recommendations in a new report to Government.

The McCarthy Report on the disposal of State assets says there should be a planned programme of sale, though not immediately, to reduce the State's debt.

The report says it is not recommending a quick or 'fire-sale' of assets as this wouldn't result in the value being achieved.

While not valuing each asset looked at in the report, Mr McCarthy said the net value is about €5bn.

The break-up of the ESB, with only the network remaining in State hands is recommended, though it goes on to say if the Company remains in State hands it should dispose of all foreign assets.

The State should ditch it's remaining 25% stake in Aer Lingus, while airports should dispose of non-core assets

Dublin Bus or part of it should be privatised, while the CIE Tour business and Expressway services should be sold off.

Bord na Mona should be sold off, though not the ownership of the peat lands, with the National Stud also singled out for sale.

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