Private equity groups look for Thames alternatives

Kelda and Severn Trent are in the spotlight as investor interest in the UK water sector grows. Andrew Cavenagh reports.

The shares of two of the UK’s water groups shot up in the second half of July on reports that financial investors were preparing bids for the companies.

Severn Trent’s share price surged by more than 6% on 31 July after a Sunday newspaper suggested that two giant US private equity firms, Kohlberg Kravis Roberts (KKR) and Apollo ...

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