Hastings relocates out of South East
- From: Vol 12, Issue 1 (January 2011)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Hastings Diversified Utilities Fund and South East Water
The purchase of 50% of South East Water marks the entry of a major new Canadian fund into the water sector. The previous minority owner may not have secured the exit it had been hoping for.
Australia’s Hastings Diversified Utility Fund appears to have made little in the way of a capital gain on the sale of its stake in South East Water to a Canadian fund manager last month.
HDUF sold its 38.7% stake in SEW to Caisse de dépôt et placement du Québec for £127.7 million, while the ...
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