Could Thames turn the tide?
- From: Vol 7, Issue 11 (November 2006)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: AMP Capital Investors, Babcock & Brown, Fitch, Goldman Sachs, HSBC, Kelda, Kemble, Mid Kent Water, Morgan Stanley, Northumbrian Water, Osprey, Pennon/South West Water, Pictet, Qatar Investment Office, RWE, Severn Trent, Terra Firma, Thames Water, UBS and United Utilities
As the full implications of the Thames sale begin to sink in, we ask: how long before the UK water bubble bursts?
The £8 billion sale of Thames Water promises to spur the most dramatic change of ownership in the UK water sector since it was privatised, but the development has also heightened fears that the industry could be heading for a spectacular crash before 2010.
The willingness of the Macquarie-led Kemble consortium to stump up £4.8 billion for the Thames ...
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