MSE News: Water bill prices set to rise this April

EmehEm2005

EmehEm2005 wrote: »

Free rainwater-using Yorkshire Water previously owned by you and me and sold for nowt to YW by Thatcher was taken private in a £3.04 billion deal(!) in February 2008 by global infrastructure fund, Saltaire Water - a consortium of investment companies including American bank Citigroup and The Hongkong and Shanghai Banking Corporation (HSBC).

Thames Water was acquired by Kemble Water Limited on 1 December 2006. Kemble Water Limited is 100 per cent owned by Kemble Water Holdings Limited. The investors in Kemble Water Holdings Limited comprised Macquarie's European Infrastructure Funds 1 & 2, certain other Macquarie-managed funds and various non-Macquarie investors made up largely of pension funds and other institutional investors from Europe, Canada and Australia.

Anglian Water owned by 80% foreign-owned multinational Osprey consortium.

After privatisation tariffs increased by 46% in real terms during the first nine years, operating profits have more than doubled (+142%) in eight years, investments were reduced and public health was jeopardized through cut-offs for non-payment.

See Wikipedia and websites for all details.

Update: China wealth fund buys nearly 9% of Thames Water

China Investment Corporation (CIC), the country's sovereign wealth fund, has bought 8.68% of the company behind UK utility group Thames Water.

Thames Water is owned by Kemble Water, a consortium of investors led by Australian bank Macquarie.

http://www.bbc.co.uk/news/business-16643989
20 January 2012