Mid Kent goes Australian
- From: Vol 6, Issue 2 (February 2005)
- Category: General
- Region: Europe
- Country: Australia and Germany
- Related Companies: 3i Group, Augean, Bridgepoint, Cambridge Water, Cheung Kong Group, Citigroup, Deutsche Bank, Dresdner Kleinwort Wasserstein (Dresdner Kleinwort Benson), Ecofin, Goldman Sachs, Hastings Funds Management, Mid Kent Water, South Staffordshire Group, WestLB and Westpac Banking Corp
The UK water company has gone to a financial buyer for 51% more than its expected regulated asset value. What is next?
Two Australian investment funds have agreed to buy Mid Kent Water for £241.3 million – the third transaction within a year where an overseas buyer has paid a large premium for a UK water company.
The two units of Hastings Funds Management, which is 51% owned by Westpac Banking Corp, are paying 27% more than Mid Kent\'s expected end-of-March ...
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