Thames takeover underpins strong UK performance
- From: Vol 1, Issue 10 (October 2000)
- Category: Performer of the month
- Region: Unspecified
- Country: United Kingdom
- Related Companies: Anglian Water, Consolidated Water, Deutsche Bank, Hyder, Kelda, Millipore, Novartis, Osmonics, Pennon/South West Water, RWE, Severn Trent Water, Suez, Thames Water and Veolia Environnement (formerly Vivendi Environnement)
The takeover of Thames Water by German multi-utility RWE dominated the news last month. On 25 September, following a week of speculation, Thames announced that it would be acquired by RWE.
The Essen-based utility will pay £4.3 billion (€7.1 billion) in cash and assume £1.8 billion (€3.1 billion) of Thames Water’s net debt. Thames shareholders will receive £12.15 per share plus another 20p interim premium.
Thames is Britain’s largest water supplier with around 24 million customers in the UK and overseas. With the acquisition ...
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