Tuesday, May 14, 2013

Another British utility in foreign hands? Water giant Severn Trent confirms £5bn bid from overseas consortium

One of Britain’s biggest water companies has become the target of a takeover bid by an overseas consortium that values the firm at more than £5billion.

Seven Trent Water, which supplies 4.2million households and businesses across the Midlands and parts of Wales, confirmed it had received an approach from a joint venture consisting of the Canadian investment group Borealis, the Kuwait Investment Office and Universities Superannuation Scheme.

The deal for the FTSE 100 company would make it the latest British utility to fall into foreign ownership.


When the EU takes full control of our financial district, we will have nothing left.....Well done Cameron, you muppet!