ESSENTIAL ASSETS
- From: Vol 11, Issue 10 (October 2010)
- Category: Need to know
- Region: Unspecified
- Country: United States
- Related Companies: Aquafed, British Columbia Investment Management, JP Morgan, Macquarie Essential Assets Partnership, Southwest Water and Water Asset Management
* Macquarie Essential Assets Partnership has decided that its 33.33% equity position in Aquarion is not an essential asset after all, and is looking for a buyer.
The stake would be bundled together with British Columbia Investment Management Corporation’s 11.67% share to make up a package, leaving Macquarie Infrastructure Partners with a majority holding of 55%. It is difficult to see what the attraction of a minority 45% stake in a regulated US water utility would be to any potential buyer.
* Another company changing hands ...
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