Northumbrian Water Takeover Rumours

[threegee]

Looks like Northumbrian Water are in line for a bid.

The Press Association doesn't give any details but the whisper is that it's from a Canadian teacher's pension fund.

http://www.google.com/hostednews/ukpress/article/ALeqM5h4hdjrD8jfkk23E7lNm-V_kfSB4w

[Merlin]

Looks like Northumbrian Water are in line for a bid.

The Press Association doesn't give any details but the whisper is that it's from a Canadian teacher's pension fund.

http://www.google.com/hostednews/ukpress/article/ALeqM5h4hdjrD8jfkk23E7lNm-V_kfSB4w

According to the papers its a done deal now

[Monsta®]

here come the water meters and price rises !*!@# foriegners want to keep that fingers oot! first cadburys noo the water board! stinkin burger slingers!

[sizsells]

To be honest I thought it was already owned by the French ? Please correct me if I,m wrong

[John White]

To be honest I thought it was already owned by the French ? Please correct me if I,m wrong

Lyonnaise des Eaux!

[Malcolm Robinson]

Lyonnaise des Eaux!

Seems a bit more complicated than that............

In 1995 the Company was acquired by Lyonnaise des Eaux for £823m.[3]. In 2003 Suez, who had acquired Lyonnaise des Eaux, sold 75% of Northumbrian Water to a Consortium of private investors.[4] The Company was listed on the London Stock Exchange in 2003.[5] NWG's present Chairman is Sir Derek Wanless. Sir Derek is the former 'ousted' CEO of NatWest Bank, and a former Non-Executive Director (and Chairman of Risk Committee) at the Northern Rock Bank.[6]

Suez........http://www.prnewswire.co.uk/cgi/news/release?id=102498