LongRiver "walks away" from Severn Trent deal: Reuters
The LongRiver Partners consortium, comprised of Borealis Infrastructure Management, the infrastructure investment arm of Ontario Municipal Employees Retirement System, Kuwait Investment Office and the British Universities Superannuation Scheme, "walked away empty handed" in its bid to acquire U.K.-based water company Severn Trent PLC, reports Reuters. The consortium's third proposal, which was estimated to value US$8.2 billion, was recently turned down by Severn Trent. The deal's deadline, established by British regulators, was on June 11th.
12 June 2013•1 min read
