Bream gives up on AWG – for now
- From: Vol 4, Issue 7 (July 2003)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: AWG, Barclays Capital, Bream Investments, Caxton-Iseman Capital, Deutsche Bank, RWE, Star Capital Partners, Suez, Veolia Water and WestLB
Bream Investments’ bid for AWG came to nothing last month when it failed to meet a takeover deadline. However, this might not be the end of the matter.
Following the collapse of Bream Investments’ attempt at a hostile takeover of AWG, most industry watchers believe only an agreed offer will lead to a change in the company’s ownership in the foreseeable future.
The bid from Bream, which was headed by senior water industry figures Francis Gugen, Gordon Morrison, Neil McDougall and Paul Rathbone, was aborted last month ...
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