JP Morgan Asset Management, together with Australian Challenger Infrastructure Fund (CIF), has bought Southern Water from owners Royal Bank of Scotland for ₤4.2 billion.
J P Morgan will take a 32% stake for £360 milion in Southern Water, while CIF will pay £300 million in return for a 27% interest. Other shareholders in the consortium include Access Capital, taking a combined 18% stake for £201 million for seven Australasian superannuation funds and UBS, with 18% for £200 million.
CIF’s announcement regarding the purchase states that Southern Water Regulated Capital Value is forecast to be 33.2 billion by March 2008, - the fastest growing of all the UK WaSC’s at 31% over 2005-2010.
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets.
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development.
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
James Sumsion, CEO of predictive water intelligence specialists Kohtari, says the water sector needs to take a giant leap forward, so that it can anticipate and act upon water quality issues - rather than merely react.
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.