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ESB buy Energia

  • 07-07-2010 2:28pm
    #1
    dagpoker.com
    Closed Accounts Posts: 25 ✭


    Just saw ESB bought Energia whats does this mean if i have a busy business account with Energia and a domestic with ESB

    Will i be still billed by Energia or a new ESB Bill?


Comments

  • #2
    RoundyMooney
    Closed Accounts Posts: 10,910 ✭✭✭✭RoundyMooney


    They didn't buy Energia.

    ESB Group bought NIE, formerly owned by Viridian, who also own Energia, AIUI.


  • #3
    dagpoker.com
    Closed Accounts Posts: 25 ✭dagpoker.com


    sorry this bit on rte
    "The purchase also covers associated businesses which provide electrical construction and maintenance services."
    Made me think it took over Energia too


  • #4
    ESB CS: Chris
    Closed Accounts Posts: 141 ✭✭ESB CS: Chris


    Hi Everyone,

    If you are looking for some more information on this recent announcement, there is a joint statement from ESB and Viridian here.

    Many thanks
    Chris


  • #5
    Electric Ireland: David
    Closed Accounts Posts: 1,457 ✭✭✭Electric Ireland: David


    Hi dagpoker,

    I just PM'd you there. If there's anything still left unclear I'll be happy to help out.

    All the best,

    David.


  • #6
    Max Power1
    Closed Accounts Posts: 10,272 ✭✭✭✭Max Power1


    ESB CS: Chris wrote: »
    Hi Everyone,

    If you are looking for some more information on this recent announcement, there is a joint statement from ESB and Viridian here.

    Many thanks
    Chris
    Interesting reading.

    One question however, which is not mentioned in the article. Did this transaction require government/ministerial approval, as it was capital expenditure and over €1 billion? If so, when was such approval given.


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  • #7
    Electric Ireland: David
    Closed Accounts Posts: 1,457 ✭✭✭Electric Ireland: David


    Hi Max Power1,

    We are a Customer Supply forum and this matter is more of a Corporate Strategy issue, but as with all its significant investments, ESB was granted shareholder approval for the NIE transaction.

    To keep up to date with our latest news and press releases, you can click here.

    Thanks,

    David.


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