Water deals

Wednesday, 15 March 2017, 10:00 am

It's good to see the chaps at Omers and Wren House finally pull off a water deal yesterday.

In case you don't recall, I broke the story back in 2013 about how Canada's Borealis, a division of Omers, and the Kuwaiti Investment Authority (which is now operating the Wren House guise) teamed up to mount a joint £5 billion plus bid for FTSE 100-listed Severn Trent. Here is the link to that piece:

http://media.efinancialnews.com/story/2013-05-13/borealis-kuwait-severn-trent-bid

Borealis and the KIA then tried to revive the deal a few years later. Here is a link to the piece I did in The Sunday Times - http://www.thesundaytimes.co.uk/sto/business/Companies/article1571447.ece

However, by publishing the story the deal fell over.

So, it looks like Omers/Borealis and Wren House/KIA have gone for the safe option and coughed up £1.35 billion for Macquarie's 26pc stake in privately-owned Thames Water.

Sensible.

..

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

Post Comment