Thames completes Asian exit strategy
- From: Vol 7, Issue 12 (December 2006)
- Category: General
- Region: Asia
- Related Companies: Cascal/Biwater, China Water Company, Goldman Sachs, Hong Lim Investments, Hongkong Land, Kadoorie, Sime Darby, Thames Water and Waterloo Investments
Thames Water has finally sold its interest in China Water. New owner Cascal will be hoping it has not bought a lame (Peking) duck.
It is nearly two years since Thames Water appointed Goldman Sachs to oversee the sale of its 48.8% stake in the China Water Company. In the intervening period, Thames has divested the majority of its other international interests, including, most recently, its Chilean and Indonesian operations, but its most agonising wait turned out to be the conclusion of its ...
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