Affinity Water to be sold for £1.6bn

A water company that supplies around 3.6 million homes and businesses in the UK is being sold for £1.6 billion. Morgan Stanley Infrastructure and Infracapital announced the sale to a consortium which includes Allianz Capital Partners, HICL Infrastructure Company Limited and DIF Infrastructure. Under the deal, the consortium will get a 90% stake from the […]

French firm sells three UK water businesses

French utilities group Veolia Environnement is selling its three UK water businesses, it announced today. The sale falls in line with the waste and water firm’s strategy to cut down its debt, after discovering accounting fraud in its US branch from between 2007 and 2010 at the end of last year. Rift Acquisitions Limited, a […]