Bidding war for Thames Water
August 14, 2006
A bidding war for utility company Thames Water will get under way tomorrow with at least three companies circling the firm estimated to be worth £7 billion.
Australian utility group Alinta is the latest company to be linked to Thames Water which has been put up for sale by its parent German RWE.
According to the Daily Telegraph, Alinta may team up with Australian bank Macquarie or they could compete against each other.
The government of Qatar, Guy Hands’ investment vehicle Terra Firma, French water group Veolia and a consortium which includes Borealis, the Canadian pension fund and 3i, are also said to be involved ahead of tomorrow’s deadline for first-round bids to be tabled.
The company initially said it favoured a stock market listing in London.