The news has however driven shares in the firm, just a few months after its Vocal Chief Executive announced his retirement.
(PRWEB UK) 17 May 2013
It has been reported in The Guardian that a consortium of UK, Kuwaiti and Canadian investors, including the Kuwait Investment Office (KIO), Borealis Infrastructure Management and the Universities Superannuation Scheme, have been given an 11-month deadline to confirm their takeover attempt. Severn Trent, which provides water and sewerage services throughout the UK to more than 4.2 million households and businesses, however has explained that the bid is in its early stages and that there is no certainty of an offer. The news has however driven shares in the firm, just a few months after its Vocal Chief Executive announced his retirement.
British companies have long been targeted by foreign pension funds and sovereign wealth investors, thanks to their reliable and sustainable returns.
Renowned for their Southwark plumbers, We Fix Now operates throughout the London area. The team have been heavily involved within the industry for a number of years and as such were naturally intrigued by the latest news. A representative from the firm shares their thoughts on the matter.
“This is not the first time we have seen a British water company bought by foreign infrastructure investors. Yorkshire Water and Thames Water are two previous examples, and the same has also happened with a number of energy companies, including Npower and EDF Energy.”
We Fix Now is a London-based company providing emergency plumbers and electricians throughout the M25 and surrounding counties. Renowned for their fast and effective service, the firm also specialise in unblocking drains, fixing central heating and boilers and sorting problems with gas. With a strong focus on customer service, We Fix Now prides itself on providing fully qualified and experienced engineers day and night, every day of the year.