Pearse Doherty (Donegal, Sinn Fein)
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443. To ask the Minister for Public Expenditure and Reform to list each State asset disposed of for each of the past five years and the value obtained for each disposal. [20800/16]

Paschal Donohoe (Dublin Central, Fine Gael)
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In the context of the State Asset Disposal Programme agreed by Government in 2012 and implemented by my Department, four State assets were disposed of over the past 5 years, as follows:

- In November 2013, ESB completed the disposal of the first of two overseas assets - its 50% shareholding in Marchwood Power in the UK. The Exchequer received a dividend of €152.855 million in January 2014 arising from that transaction.

- In April 2014, ESB completed the second overseas asset disposal - its 50% shareholding in Bizkaia Energia in Spain, which produced a dividend for the Exchequer of €44.175 million.

- The sale of Bord Gais Energy completed on 30th June 2014 on the basis of a gross enterprise value of up to €1.1 billion, including a small element of contingent consideration. The actual purchase price paid to Ervia on completion of the sale was around €940 million, after certain adjustments to the gross enterprise value were taken into account including project finance debt related to the renewables business that transferred with the sale. A further small amount in relation to the contingent consideration still remains payable, depending on the future performance of the business and the achievement of certain milestones.

- The Government's 25.1% shareholding in Aer Lingus was acquired by IAG in 2015 for €335.273 million.

In addition to these asset disposals, over €400 million was also received from the sale of the National Lottery licence in 2014.