Bord Gais to sell off energy unit ‘in coming weeks’


Bord Gais to sell off energy unit ‘in coming weeks’.

So the fire sale carve up of the Citizens  assets continues while the populace  procrastinate and does nothing  about how much they are being raped by these scoundrels.

We are not citizens anymore, we are a new breed “the spineless ones” – we have become no more than conduit assets of the banking system.

Once this asset is sold off get ready for ever more expensive utility charges…and the government of the day will hide behind “it is a private company,it was a commercial decision.”

Just look across the water to the UK and observe how the sale  of Britain’s energy companies worked out, not too good me thinks. Massive price increases whilst the companies post record profits.

Selling off key State assets to foreign owned companies will do no favour for this country in the long term!!

Just look at Telecom Éireann (now eircom) The company has struggled with international players buying it, stripping off key assets for short term gain, then piling the debt used to acquire eircom on top of the company and selling it on again!

Bord Gais Energy remains on track to become the first state asset to be auctioned off under the ‘New Era‘ privatisation scheme to be followed by the rest of the family jewels

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About Old Boy

Love the past and the future but live in the present

Posted on May 7, 2013, in Banking, buisiness, gas, Government, IMF/ECB, Ireland, Natural resources, politics and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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