Abu Dhabi Investment Authority through its Infinity Investments has acquired a 9.9 per cent stake in Britain's biggest water utility.
It has bought the stake in Kemble Water Holdings, the parent of Thames Water. The purchase price is not disclosed, but Kemble had acquired Thames Water in 2006 for 8 billion pounds ($12.50 billion). As DubaiBeat reported earlier, Britain has recently launched an effort to raise capital for infrastructure investment from Middle Eastern investors.
ADIA is listed in the Middle East Investors Directory with the code BD43.
More details follows from the Reuters
Dec 13 (Reuters) - Abu Dhabi Investment Authority, the sovereign wealth fund of the Abu Dhabi government, has acquired a minority stake in the holding company that controls Thames Water from a consortium led by Macquarie Group, Macquarie said in a statement.
ADIA, through its Infinity Investments unit bought the 9.9 percent stake in Kemble Water Holdings Limited for an undisclosed sum from Macquarie European Infrastructure Fund, another Macquarie-managed fund and a third party investor, the statement added.
ADIA declined to comment.
Kemble acquired Thames Water, which supplies water and sewerage services to London and some surrounding areas, from German utility RWE in 2006 for 8 billion pounds ($12.50 billion).
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