ADIA bought its 9.9% stake in Kemble Water, the owner of Thames Water, in December last year, while CIC bought an 8.7% holding in January.
The Sunday Times cited a number of anonymous sources in linking Mr. Blair’s consultancy, Tony Blair Associates (TBA) to the wealth funds, which are among the largest in the world.
The newspaper said that a spokesman for Mr. Blair had denied claims that he was being paid £1M+ a year to advise CIC on investment opportunities, or that he “had anything to do with”advising CIC on buying its stake in Kemble Water.
The Sunday Times quotes “an insider” as commenting:
“ I think it’s quite interesting that two sovereign wealth funds known well to Tony have made very similar buy-ups of Thames Water.”
In March it was reported that Australian investment group Macquarie was considering selling a further stake on behalf of the Macquarie European Infrastructure Fund.
Near-real-time microbial monitoring of wastewater discharge and bathing waters is now possible thanks to the BactoSense ID solution created by Swiss-based bNovate Technologies.
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations.
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.
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water.
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.