Concateno sizes up Southern Water

With a bid for Sutton and East Surrey now looking doubtful, the AIM-listed bid vehicle has its sights on bigger fish.

A company launched on the Alternative Investment Market earlier this year with just £5 million of start-up capital could bid for Southern Water – which is notionally worth more than £2 billion – within the next 12 months.

Concateno is one of six AIM-listed shell companies that investment firm Marwyn Capital has set up over the past year and is one of ...

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