An investor consortium led by 3i is has sold its 15% stake in Anglian Water for £580 million according to a report in yesterday’s Sunday Times newspaper.
The article says the valuation placed on the water company by the sale is an increase of around 80% on the price paid in 2006 to remove it from the stock market and put in the hands of Osprey, a private investment consortium of pension funds and long-term infrastructure investors and fund managers,
The 15% stake is being sold by 3i Infrastructure, a separately listed unit of the 3i private equity group - Australian and Canadian funds own the other 85% of Anglian Water Group.
Infrastructure investor Dlamore Capital, which has a stake in the £4.2 billion Thames Tideway Tunnel, together with GLIL Infrastructure, a vehicle backed by council pension funds which support major UK infrastructure projects, are taking the 15% shareholding.
The sale follows on from a number of similar deals in the UK water sector which have seen investors continuing to take stakes despite Labour's nationalisation threat and Ofwat’s tough upcoming Price Review in 2019 which will see a tightening on investor returns.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.