Deutsche pays £189 million for Sutton
- From: Vol 7, Issue 1 (January 2006)
- Category: General
- Region: Europe
- Related Companies: Cambridge Water, Concateno, Deutsche Bank, Hastings Funds Management, Mid Kent Water, RWE/Thames (Water), South Staffordshire Group, Sutton & East Surrey Water and Terra Firma
The price for the small water-only company is 30% more than the regulated asset value. It is a sellers’ market.
The UK water sector received further confirmation that its companies remain a compelling investment when a fund owned by Deutsche Bank paid £189 million for Sutton and East Surrey Water at the end of the year – a premium of more than 40% to the regulated asset value of the business.
The Deutsche fund bought Sutton and East Surrey from Guy ...
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