Water companies attract suitors

Foreign and British bidders are poised to return with a higher bid for water group Severn Trent, while overseas investors are also jostling to buy a stake in Yorkshire Water owner Kelda, according to reports.

A consortium of bidders led by Canadian infrastructure investment group Borealis is likely to make a bid of around £5 billion for Severn before a June 11 deadline, the Sunday Telegraph reported. Severn supplies 4.2 million households and businesses across the Midlands and parts of Wales.%VIRTUAL-SkimlinksPromo%