Macquarie gulps down Thames Water

German utility RWE has agreed to sell Thames Water to a Macquarie-led consortium for £4.8 billion plus £3.2 billion of debt, realising a £500m profit on a company bought in 2001.

The Australian bank beat rivals including a consortium comprising the Qatar Investment Authority and UBS’s global infrastructure fund, and Terra Firma. The transaction is expected to be completed by early December, although it requires RWE board approval this weekend.

“We view the high price secured for its assets as pos

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: