Viridian Taps Macquarie in Bid for Irish Bord Gais Unit

Viridian Group Ltd., Northern Ireland’s largest energy supplier, hired Macquarie Group Ltd. to advise on its bid for the retail and power generation unit of Irish state-owned gas company Bord Gais Eireann, people with knowledge of the matter said.

Bord Gais continues to assess initial offers for the business, received June 12, and has yet to outline when it will call for second-round bids, according to four other people, who asked not to be identified, as the process is private. The unit may be valued at as much as 1.4 billion euros ($1.9 billion), including debt, two people familiar with the sale said May 28.