SELL-OUTS
- From: Vol 10, Issue 11 (November 2009)
- Category: Need to know
- Region: Unspecified
- Related Companies: Ayala Corporation, Emerging Capital Partners, European Bank for Reconstruction and Development, Finagestion, International Finance Corporation , Manila Water Company, Saur/Bouygues and United Utilities
* United Utilities is selling most of its interest in Manila Water to Ayala Corporation (see story p24).
At the same time, it is divesting its interest in Northern Gas Networks for £85.75 million. The company seems to be searching for the pennies which slipped down the back of the sofa as it prepares for the next regulatory spending period in the UK. The final determinations will be published by Ofwat on 26 November.
* Bouygues, the French ...
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