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Tuesday, 13 December 2011 08:58

Macquarie sells 9.9% stake in Thames Water to Abu Dhabi Investment Authority

A report in this morning’s Financial Times says that the Abu Dhabi Investment Authority is taking a 9.9% stake in Thames Water.

A report in this morning’s Financial Times says that the Abu Dhabi Investment Authority is taking a 9.9% stake in Thames Water.

Led by Australian investment bank Macquarie, a consortium of investors is selling a 9.9 per cent stake in Kemble Water, the holding company for Thames.

The investors in Kemble Water Holdings Limited comprise Macquarie's European Infrastructure Funds 1 & 2, certain other Macquarie-managed funds and various non-Macquarie investors made up largely of pension funds and other institutional investors from Europe, Canada and Australia.

Macquarie has not revealed terms for the sale but said it remained committed to managing Thames Water as the majority owner.

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