Enda Kenny has already raised the prospect of selling state assets with the chief executive of Bord Gáis, John Mullins as a revenue-raising option under the new government, The Sunday Business Post reports.

The newspaper says the company is keen to sell off its retail division, which is in the process of being separated from its network division under an EU directive.

The “company’s credit rating is directly linked to the state’s solvency rating, and there is concern that it faces a dramatic rise in its costs if there is a further deterioration in this”, the newspaper says.

A company spokesman said that when Kenny raised the issue Mullins “did not engage”.

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