Irish Trees Earmarked for Sale in 3 Billion-Euro State Sell-Off

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Ireland may sell timber, parts of its energy companies and a stake in airline Aer Lingus Group Plc to raise as much as 3 billion euros ($4 billion), as the country seeks to regain its economic sovereignty.

The government today detailed a plan to sell power stations and the energy unit of Bord Gais Eireann, and said it will consider the sale of assets belonging to state forestry company Coillte and its 25 percent stake in Aer Lingus.