GALWAY, IRELAND--December 13, 2013 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Less than three weeks after the Irish government said it was pulling the sale of the country's gas and electricity utility, Bord Gáis Energy (Cork, Ireland), it has just announced a €1.125 billion ($1.54 billion) deal to sell the company to a U.K.-led consortium.

The government announced that the preferred bidder for the company is a consortium comprising Centrica plc (OTC:CPYYY) (Windsor, England), Brookfield Renewable Power Inc, a subsidiary of Brookfield Asset Management (NYSE:BAM) and iCON Infrastructure.