Goldman Sachs is teaming up with Allianz, Europe’s largest insurance company, to make a £2bn bid for a 30% stake in Yorkshire Water, according to the Sunday Times.
They are expected to have plenty of competition at the auction as water utilities in the UK are seen as “safe-havens” for investors, with Yorkshire Water particularly profitable.
Yorkshire Water was bought in 2008 for £3bn by a consortium of investors led by Citigroup, but the utility could now be worth more than £5bn.
Earlier this year, there were reports that Citigroup was looking to sell 17% of its 37% stake and the infrastructure arm of M&G, Infracapital, plans to sell its entire 13% holding.
Yorkshire Water has recently come under fire from MPs after it transpired that it paid no corporation tax last year in spite of making £186m in profits and paying dividends of £256m to its investors.
Bids for the company are due by the middle of next month, the Sunday Times said.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
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.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.