Thames continues Asian exit plan

Buyout firms seek to reassure regulator as PAM Jaya sale goes ahead.

Following Suez’s sale of 49% of its Jakarta concession this summer, Thames
Water has finally agreed terms on the sale of its 95% stake in PT Thames PAM Jaya. The move is part of Thames’ drive to focus on its investment programme in the UK, and follows the sale of other Thames businesses in Thailand, Singapore, Australia and China over the past three years.

The buyer is Acuatico, a...

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