FUNDAMENTAL BUYERS
- From: Vol 7, Issue 9 (September 2006)
- Category: Need to know
- Region: Europe
- Country: Canada and United Kingdom
- Related Companies: 3i, Aguas de Barcelona, Anglian Water, AWG, Borealis Infrastructure, Colonial First State, CPP Investment Board, Kelda, La Caixa, Northumbrian Water, Pennon/South West Water, Suez and Thames Water
* Water’s irresistible attraction to fund managers burst into the open on 14 September with news that the UK’s Anglian Water Group had received an approach from a group of investors said to be 3i, Colonial First State of Australia, CPP Investment Board of Canada and a fourth unnamed investment group.
The bid is said to value the firm at 1,540p or £2.18 billion. Shares rose by 11% on the day to 1,512p. Pension funds across the world are under pressure to match their assets with their liabilities. That means no more gambling on the volatility of the growth stocks. Instead they need stocks with strong and predictable ...
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