First-round bids in for Southern Water
- From: Vol 8, Issue 9 (September 2007)
- Category: General
- Region: Europe
- Related Companies: Babcock & Brown, Deutsche Bank, General Electric (GE), Goldman Sachs, Infracapital Partners, JP Morgan, Kemble, Macquarie Bank, Merrill Lynch, Mid Kent Water, Morgan Stanley, Prudential Group, Royal Bank of Scotland, South East Water, Southern Water and Thames Water
The infrastructure funds of US investment banks are falling over themselves in the race to buy regulated UK water assets. RBS may still be forced to lower its price expectations.
The sale of UK utility Southern Water attracted widespread interest from financial investors ahead of the 31 August deadline for first-round bids – a development which suggests the global credit crunch has done little to diminish international appetite for UK water assets.
One approach came from a consortium led by Goldman Sachs and General Electric, but which also includes Australia’s ...
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