\"Warren

Warren Buffett is researching an investment in Ireland's State assets specifically energy Photo by: Google Images

Philanthropist Warren Buffett sends aides to Ireland to discuss sale of State assets

\"Warren

Warren Buffett is researching an investment in Ireland's State assets specifically energy Photo by: Google Images

Renowned businessman and philanthropist Warren Buffett has reportedly sent a few of his top aides to Ireland to meet the Irish Minister for Energy, Pat Rabbitte, to discuss the possible sale of State assets.
 
"Two meetings were held with different representatives of the Berkshire Hathaway group. In both cases these were introductory meetings organized at the request of Berkshire Hathaway," a government source told the Sunday Independent.
 
Bord Gais Energy, Ireland’s national gas company, is on the block for an estimated price of  $1.3 billion dollars.
 
Bord Gais is one of several government companies that are up for grabs.  Others include Coillte the Irish forestry organization) and the license for the National Lottery.
 
Buffett has been burnt by Irish investments in the past.  In 2008, he invested $318.5m in a pair of Irish banks but when shares tanked that investment decreased in value to $35m.

COMMENTS

Log in with your social accounts:

Or, log in with your IrishCentral account:

Forgot your password ?

Don't have an account yet? Register now !

Join IrishCentral with your social accounts:


Already have an account ?

Or, sign up for an IrishCentral account below:

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


Make sure we gathered the correct information from you

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


You already have an account on IrishCentral! Please confirm you're the owner.


Our new policy requires our users to save a first and last name. Please update your account: