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