THE full extent of a behind-the-scenes auction for AWG has been revealed this weekend. Morgan Stanley, bankers for the UK water company, have already run an informal auction over the past two months involving all the likely bidders. The sale is so advanced that a £2.3bn ($4.3bn, E3.4bn) recommended offer may be made as early as this week.
AWG announced on Thursday that it had received an approach, which it has since emerged came from a consortium of Colonial First Estate of Australia, Canadian pension fund CPP and UK private equity specialist 3i.

Posted: 09|17|06 at 9:02 am. Filed under: UK News.