Consortium eyes Severn Trent water
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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