Fresh bid for UK’s Severn Trent in the works | The National

Fresh bid for UK’s Severn Trent in the works | The National:



"The Canadian investment company Borealis Infrastructure is reportedly considering a £5 billion (Dh29.16bn) bid for Severn Trent, the UK’s second-largest publicly traded water company.



Britain’s The Sunday Times newspaper reported that the two sides opened talks last month and discussions were still at an early stage.



In 2013, Severn Trent rejected a series of takeover offers by LongRiver Partners, an investment fund consortium including Borealis Infrastructure and the Kuwait Investment Office, saying they did not reflect the utility’s long-term value. The bid topped out at about £5.2bn or £22 a share."



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