Qatar investment fund, UBS team up for TW

DOHA — Reports from London indicate that Qatar's state-owned investment fund has teamed up with UBS of Switzerland to bid for Thames Water, the UK's largest water and waste group.

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Published: Sun 6 Aug 2006, 10:54 AM

Last updated: Sat 4 Apr 2015, 2:07 PM

Thames Water is currently owned by Germany's RWE power group, which apparently wants to either sell or float the utility.

If the deal goes ahead, bankers UBS are quoted as saying they would use their new Global Infrastructure Fund, floated in May, to finance part of the deal. Analysts say the value of Thames Water is likely to be around 7 billion Pounds Sterling ($13.2 billion).

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