The review included
Commercial State Bodies
Dublin Airport Authority
Dublin, Cork and otherport companies
An Post
Irish Aviation Authority
Bord Na gCon
RTÉ
CIE (including Dublin Bus, Irish Rail, Bus Eireann)
Horse Racing Ireland
TG4
Irish National Stud Company
National Oil Reserves Agency
ESB
Bord Na Móna
Bord Gáis Éireann
EirGrid
Coillte
Intangible Assets
These include, inter alia, radio spectrum allocated for broadcasting and
telecommunications; carbon emissions permits; and mineral, hydrocarbon and
other licences issued by the state.
Exclusions from consideration by the Group
VHI: The VHI was excluded from the Review Group's terms of reference because the
Government had already initiated a separate process that addresses both the sale of the VHI
and the wider complexities involved in the private health insurance market.
The National Oil Reserves Agency (NORA):
NORA featured in the list of commercial state bodies attached to the Review Group’s terms of reference, agreed by Government in
June 2010. As per the provisions of the National Oil Reserves Agency Act, 2007, NORA is
a non-commercial state agency whose function is to manage the state’s strategic stocks of
oil. Although substantial, the strategic stock cannot realistically be run down because
Ireland is obliged, as a member of the EU and the International Energy Agency (IEA), to
hold stocks of at least 90 days of oil for use in the event of major oil shortages nationally or
internationally. On this basis the Review Group does not propose to make any
recommendations in regard to NORA.
NAMA:
The assets held on behalf of the state by the National Asset Management Agency
as part of the Government’s programme of remediation for the banking sector are outside
the terms of reference of the Review Group.
Banks: The government has acquired substantial ownership stakes in certain banks as a
result of the rescue and re-capitalisation process. These stakes may be disposed of in due
course but the Group feels that it is too early to consider concrete disposal options.