Investors push for disposal
- From: Vol 6, Issue 6 (June 2005)
- Category: General
- Region: Europe
- Country:
- Related Companies: Aquarion, AWG, Deutsche Bank, Dresdner Kleinwort Wasserstein (Dresdner Kleinwort Benson), Ernst & Young, Kelda, Morrison Construction, Severn Trent Water and United Utilities
UK water companies are under greater pressure than ever to focus on their regulated businesses.
Pressure from investors is mounting on the big water companies to dispose of non-regulated assets that have little or no direct link to the mainstream business.
“They [investors] don’t really think they’re part of the group and they’re a massive distraction for management,” said Iain Turner, utilities analyst at Deutsche Bank.
As most of the regulated water ...
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