WALL OF MONEY
- From: Vol 7, Issue 10 (October 2006)
- Category: Need to know
- Region: Unspecified
- Country: Singapore and United Kingdom
- Related Companies: Anglian Water, Hyflux, Kemble Water Ltd, Macquarie, Osprey, RWE, Temasek Group and Thames Water
* Macquarie has won the battle for Thames Water with a bid of £8 billion ($14.9 billion).
RWE agreed to sell Thames Water Holdings plc to Kemble Water Limited, a consortium led by Macquarie’s European Infrastructure Funds, for £4.8 billion, plus pro forma net debt of £3.2 billion. The transaction is expected to close by early December, and is expected to result in a book gain for RWE of at least €500 million. Let ...
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