Abu Dhabi Investment Authority is reportedly considering a bid for Pennon Group's South West Water.
The sovereign wealth fund is said to be preparing a cash bid of up to 775p a share for the group, according to the Daily Mail on Wednesday.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
8 of the best properties for sale with communal gardensThe best properties for sale with access to communal gardens – from an apartment in a listed building opposite London’s Hyde Park, to a wing of a mansion with access to 180 acres of parkland in Henley-upon-Thames
-
The five insurance policies you should haveSome insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
If you'd invested in: Victrex and Pennon GroupFeatures Victrex, which manufactures high-performance plastic, has seen it share price soar, while water utility and waste-management firm Pennon group's shares have plunged.
-
Shares in focus: Water stocks offer no safe harbourFeatures Utilities are popular with nervy investors – but you can overpay for safety, says Phil Oakley.
