Pension funds combine resources to buy British water utility AWG for $4.12 billion - can they make it prosper?
Arthur Bansley
Oct. 1, 2006

The investment group is confident of their new acquisition. They do not plan to arbitrage but try and make the the water services and infrastructure management group prosper in the long run.

These are Pension funds who combined their resources to buy the British water utility AWG for $4.12 billion - can they make it prosper?

AWG Plc is the parent company of Anglian Water and support services group Morrison.

AWG Plc is a FTSE250 company with 9,000 staff based in offices across the UK. The group’s turnover was £1.5 billion in 2005/06.

Anglian Water is one of the industry’s leading companies, serving around six million customers in the east of England and Hartlepool. Please click here to be redirected to the Anglian Water web site.

Morrison provides a range of services to utility clients in the gas, water, electricity and telecommunications sectors. It is also a leading provider of social housing repair and maintenance services to local authorities.

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Arthur Bansley
The investment group is confident of their new acquisition. They do not plan to arbitrage but try and make the utility prosper in the long run.
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