Bord na Mona and Coillte are to partially merge, the government has announced.

The joint venture (JV) is to focus on the bio energy and wind energy sectors.

Minister for Agriculture, Food and the Marine, Simon Coveney said that the decision is the "culmination of an in-depth analysis undertaken by the NewERA, and the relevant departments on behalf of the government".

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The Minister continued: "As Coillte is now over 25 years in operation, the recent analyses have been timely and useful. Today's decision allows Coillte to focus on its core activities in forestry and operating its board mills while allowing the company to harness those areas of synergy it has with Bord na Móna. Ultimately this decision will allow the State to derive as much value as possible from both companies."

(CD/JP)