ASSET OWNERS
- From: Vol 12, Issue 7 (July 2011)
- Category: Need to know
- Region: Europe
- Country: United Kingdom
- Related Companies: American Water, Aqua America, Balfour Beatty, Bristol Water, Cambridge Water, Essbio, Esval, HSBC, Marubeni and Mitsui & Co.
The market for asset-owning water companies is hotting up. Li Ka-Shing’s Cheung Kong Infrastructure has submitted a £2.4 billion proposal to buy Northumbrian Water, the UK quoted water and sewerage company.
There is one catch: the UK regulator doesn’t like to see the number of water utilities reduced, because it makes it difficult to compare performance between them. In order to close the deal, the Hong Kong-based group will have to sell Cambridge Water, the UK water-only company it bought in 2004 for £51.4 million. Conveniently, HSBC, which is ...
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