MERGER STORIES

* The deadline Thames Water offers has been pushed back a week until 15 August, but as yet there has been no indication of who has submitted bids.

Despite Macquarie seemingly going cold on the deal at the last moment (it was said to have asked for various conditions such as break clauses), the field seems to be wide enough for a competitive auction. Qatar Investment Office is said to have bid alongside UBS’ recently launched Global Infrastructure Fund; Borealis Infrastructure, which invests on behalf of Ontario Municipal ...

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