Govt to use two-thirds of State asset sell-off to repay debts

A €3bn sell-off of state assets has been unveiled by the Government with parts of the ESB and Bord Gais energy divisions topping the privatisation list.

Brendan Howlin, Minister for Public Expenditure and Reform, said that a third of the money raised will go back into the Irish economy and the rest will be used to repay debts.