Macquarie Finalising £1.5bn sale of Thames Water Stake

Macquarie is reported to be aiming for the sale of its stake within a month.

The sale was anticipated to be finalised before Christmas but was complicated due to Brexit linked developments.

The sale falls within duration of holdings for Macquaries infrastructure funds.

Main Attributes;

  • Expected sale price to be £1-£1.5bn
  • BT Investment Fund, Abu Dhabi Investment Authority and China Investment fund are said to be not interested although they have first option rights.
  • Borrealis is among the funds understood to be in the running.
  • Sale being led by Normura.

Pic – Business Reporter

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