Only two weeks ago the government announced that the sell off of Bord Gais had been stalled because the bids were too low. More Here .
After only a few weeks it has now announced that a preferred bidder has been selected after their bid was increased. The preferred bidder for Bord Gais is a consortium made up of Centrica, Brookfield Renewable Power Inc and iCON Infrastructure. The bid ” has an enterprise value of up to 1.12 billion euro”.
There will now be talks on finalising the sale agreement which is expected to be signed in early 2014.
Centrica supplies gas and electricity to businesses and consumers in Britain through British Gas.
Brookfield Renewable Power is a Canadian-based firm specialises in investing in renewable energy suppliers and developers.
Icon Infrastructure is an independent investment firm, focussing on privately held investments in infrastructure assets in Europe and North America.