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Monday, 27 March 2017 08:30

Affinity Water to be put up for sale?

Affinity Water's ultimate shareholders are currently undertaking a strategic review of their investment in the water company, which may lead to the sale of some or all of their interests.

AFFINITY WATER OWNERSHIPWhile a statement issued by the company said "there is no certainty that the strategic review will result in any sale", sources have told theSunday Times newspaper that a sale is "the most likely outcome".

The report in yesterday's newspaper also suggested a potential price tag of £2 billion 

Affinity Water said the company was continuing to operate in the ordinary course of business and there was "no expectation that the strategic review or any resulting sale (if any) will result in any changes at an operational level."

Global infrastructure investment fund Morgan Stanley Infrastructure Inc., part of the investment management division of Morgan Stanley, own 40% of the utility, M&G Investment Management Limited, a subsidiary of Prudential plc own 35%, Veolia Water UK Ltd and Beryl Datura Investment Ltd own10% each, while Partners Group own the remaining 5%.

Beryl Datura Investment Ltd is a company established by the State Administration of Foreign Exchange of the People’s Republic of China.

Affinity Water said an announcement would be made in fue course if an agreement was reached with any party for a sale of any interests.

 

 

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