Japanese set sail in Bristol fashion
- From: Vol 12, Issue 9 (September 2011)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Agbar, Balfour Beatty, Bristol Water, Cambridge Water, HSBC, Marubeni, Northumbian Water, Ofwat and Suez
The structure of the Bristol Water sale seems to have put some investors off. Japanese trading companies are among the few left in the running.
Japanese conglomerates Marubeni and Itochu are expected to submit final bids for Bristol Water this month, along with at least one infrastructure fund.
Spain’s Agbar, in which Suez holds 75%, initiated the sale of 75% of the wateronly company back in June, and will be disappointed that more first-round bidders did not come through with final offers. Balfour Beatty ...
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