Kelda abandons Aquarion
- From: Vol 7, Issue 3 (March 2006)
- Category: General
- Region: Unspecified
- Country: Australia, United Kingdom and United States
- Related Companies: Aquarion, Kelda, Macquarie Bank, South East Water and Yorkshire Water
Yorkshire Water’s parent company is pleased not to have lost its shirt. Macquarie is looking for a long-term hold.
Kelda became the latest UK water group to retreat from overseas last month when it agreed to sell its US subsidiary to Australia’s Macquarie Bank for US$860 million.
The Macquarie-led group will pay Kelda US$625 million in cash for the Aquarion Company and will assume a further US$235 million of the American company’s existing debt ...
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