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DEC 12, 2013 - The Guardian

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Centrica-led consortium poised for Irish energy takeover

Irish ministers make British Gas owner the preferred bidder to take control of Bord Gáis Energy for £840mA consortium led by Centrica, the owner of British Gas, has been made preferred bidder by Irish ministers to take control of the state-owned energy group, Bord Gáis Energy, for around €1bn (£840m).Centrica's foray into Ireland comes as power companies warn that the UK energy market is becomingly increasingly unattractive to investment.The cash-strapped Irish government abandoned an auction late last month after bids came in well below the €1bn reserve price Dublin had demanded. But new ... Read More

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