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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

OMERS, partners sweeten bid for U.K.’s Severn Trent to $8.2-bln

Posted on 10 June 2013

A consortium led by a Kuwaiti sovereign wealth fund and two pension companies raised its proposed offer for Severn Trent to $8.2-billion (U.S.) on Friday, sending the British water utility’s share price up by as much as 9 per cent.
LongRiver Partners comprising the Kuwait Investment Office, Britain’s Universities Superannuation Scheme and Borealis Infrastructure, which is part of Canadian pension fund Ontario Municipal Employees Retirement System, submitted a conditional cash offer of 2,200 pence for each Severn Trent share to the company’s board………………………………………..Full Article: Source


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