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:


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.



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