Sale Season
- From: Vol 12, Issue 9 (September 2011)
- Category: Need to know
- Region: Unspecified
- Country: Greece, Japan and United Kingdom
- Related Companies: (RWE) Rhein Ruhr Partners , Agbar, Berliner Wasserbetriebe, Bristol Water, Cambridge Water, HSBC, Hutchison Water, Itochu, Li Ka- Shing, Marubeni, Northumbian Water and Suez
Japanese conglomerates Marubeni and Itochu are expected to submit final bids for Bristol Water this month, along with at least one infrastructure fund.
The limited number of final bids has cast doubt on whether the sale will raise the £362 million that Agbar paid for Bristol in 2006 – a premium of about 40% to the company’s regulated asset value at the time and 16.7% more than its current RAV (see story p12). The original Agbar deal happened soon after Suez had ...
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