Power companies vie for the right to swallow water
Article Abstract:
UK water utilities have become attractive targets, as is shown by two bids for Southern Water by two UK electric companies, ScottishPower and Southern Electric. Southern Electric's bid of 1.6 billion pounds sterling has been recommended to shareholders, and the company holds 25% of its franchise in the same location as Southern Water. ScottishPower has made a 1.5 billion pounds hostile bid. Other UK water utilities which could become targets include Wessex Water and Anglian Water.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Water industry: Byatt may stay
Article Abstract:
Ian Byattis scheduled to end a seven-year period as regulator for the UK water industry in Jul 1996, but he may continue in this post. Analysts argue that the industry will benefit if he stays since there will be less uncertainty. There is a division of opinion as to whether the UK Labor Party is more likely to control the companies' profits if he stays, and some argue that he has given the Labor Party weapons to attack the industry by criticizing it himself.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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