South Staffs sale moves forward
- From: Vol 8, Issue 9 (September 2007)
- Category: General
- Region: Europe
- Country:
- Related Companies: Arcapita, Dresdner Kleinwort and South Staffordshire Water
For those not looking at Southern Water, there is always local player South Staffs. At least the new owner will be able to increase the leverage.
Bahrain-based Arcapita is pressing ahead with its planned sale of South Staffordshire Water, despite the potential impact of the credit crunch on the debt leverage available to financial investors. Adviser Dresdner Kleinwort has received several first-round bids, which one participant in the process said had come “predominantly but not exclusively” from financial investors.
He added that an assessment of the ...
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