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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Australia fund set to sell its Southern Water stake

Posted on 16 November 2015

Australia’s sovereign wealth fund is looking for a buyer for its stake in Southern Water, the water and sewerage company recently fined for discharging raw sewage into the sea. Future Fund, set up by the Australian government to take on civil servants’ pensions, has mandated Macquarie Capital to review whether it should keep or sell its 23.4% stake.
Macquarie Capital is an advisory arm of the Sydney-based bank. Southern provides water and wastewater services for 4.6 million people in Kent, Sussex and Hampshire. It was fined £160,000 two months ago for dumping raw sewage into the sea near Worthing in 2012………………………………………..Full Article: Source


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