Bord na Móna nears the finish line on sale of its waste management business

Bord na Móna is close to finalising a deal to sell its waste management business, according to sources close to the State company.

Sources say that talks on a deal, likely to be worth more than €55 million, are heading towards a conclusion, although they stop short of saying when the group will reach a final agreement. Bord na Móna itself did not comment when contacted. It is understood that bigger players in the market are effectively ruled out as it is thought a deal with them would trigger competition concerns.

Around the same time the group also branched into renewable energy, where it has continued to build a presence, sometimes in partnership with other organisations, including fellow State company, ESB.

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