Borealis Infrastructure renews pursuit of Severn Trent: Reuters
Canadian investment firm Borealis Infrastructure is considering a 5 billion pound (US$8 billion) bid for Severn Trent, the Sunday Times reported, two years after the British water utility rejected its previous approach. The newspaper reported that the two sides opened talks last month and discussions were still at an early stage. In 2013 Severn Trent rejected a series of takeover offers by LongRiver Partners, an investment fund consortium including Borealis Infrastructure, saying they did not reflect the firm's long-term value.
22 June 2015•1 min read
