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Target
Northern Ireland Electricity plc
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Our Role
Advisor to buyer
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Seller and Location
Electricity Supply Board of Ireland, Ireland
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Activity
Owns the electricity transmission and distribution network in the Republic of Ireland via its ESB Networks division
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Acquiror / Investors and Location
Department of Communications, Energy & Natural Resources, Ireland
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Activity
Irish government department with a 95% share in the Electricity Supply Board of Ireland
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Description of Transaction
Advised the Irish Government’s Department of Communications, Energy & Natural Resources – a 95% shareholder in Ireland's Electricity Supply Board – on the acquisition of Northern Ireland Electricity plc in a deal worth US$1.6 billion.