AMERICAN IPO INCHES AHEAD

* Two more US states have given their approval for the go-ahead of the American Water IPO.

Both New Mexico’s Public Regulation Commission and the West Virginia Public Service Commission saw in the New Year by granting approval for the divestiture of American Water from RWE, and the West Virginia ruling brings the number of states that have approved the sale to six, out of a total of 13 applications filed. West Virginia joins Virginia, Tennessee ...

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