Consortium eyes Severn Trent water

Updated
Tap with water dripping
Tap with water dripping

One of the UK's biggest water companies is in the takeover sights of an overseas consortium in a move that could value the firm at more than £5 billion.

Severn Trent, which supplies 4.2 million households and businesses across the Midlands and parts of Wales, confirmed it has received a joint approach from Canadian investment group Borealis, the Kuwait Investment Office and Universities Superannuation Scheme.
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