Capstone takes a gamble on Bristol returns
- From: Vol 12, Issue 10 (October 2011)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Bristol Water, Capstone Infrastructure Corporation, Macquarie Group, Ofwat and Suez Environment
The new majority owner of Bristol Water seems to have been happy to trade operational control for exposure to the regulated UK water sector. Realising a double-digit return could be tricky.
Capstone Infrastructure Corporation may struggle to achieve the doubledigit returns it has targeted from the 70% stake in Bristol Water that it acquired from Suez Environnement at the start of October.
The Canadian fund – which is taking exposure to the water market for the first time – said it expects to achieve a total return from the investment at the lower ...
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