CKI gambles on Northumbrian outperformance
- From: Vol 12, Issue 7 (July 2011)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Cambridge Water, Cheung Kong Group and Northumbian Water
Asia’s exposure to the UK regulated water sector is set to increase further, as Cheung Kong Infrastructure prepares to take Northumbrian Water private. The final bid price will depend on the perceived outperformance potential.
Cheung Kong Infrastructure looks likely to take over Northumbrian Water within a matter of weeks, following the announcement of a 465p-ashare indicative offer for the company on 11 July, valuing Northumbrian’s equity at £2.4 billion.
Northumbrian said that the Hong Kong company had indicated it would complete the sale of Cambridge Water before it makes any definite bid ...
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