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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Severn Trent bid leads utilities higher

Posted on 16 May 2013

Severn Trent (SVT) has rejected an initial offer for its shares following a meeting with the consortium including a Kuwaiti sovereign wealth fund and Canadian pension fund as it “completely fails” to recognise the value of the water utility.
The deal only serves to highlight once more the attractiveness to overseas investors of UK utility companies, with their inflation-linked revenue streams and record low costs of debt on large national infrastructure asset bases……………………………………Full Article: Source


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