AWG: is WestLB running out of steam?
- From: Vol 4, Issue 5 (May 2003)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: AWG, Bream Investments, Macquarie Bank, Mid Kent Water and WestLB
AWG rejected an improved offer from WestLB last month, citing concerns over the German bank’s ownership of Mid Kent Water.
The anticipated takeover bid for the UK’s AWG from a venture led by the German investment bank WestLB ran into difficulties last month.
The takeover vehicle – Bream Investments – put together by the high-profile head of WestLB’s principal finance team, Robin Saunders, and Gordon Morrison, made further approaches to the AWG board in mid-April in which it “reaffirmed its ...
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