CIC poised to take a stake in Thames Water
Sovereign wealth fund China Investment Corporation (CIC) is poised to buy a small stake in the holding company that owns Thames Water, the water network that serves London, the Financial Times reported on Friday, according to Reuters.
Sovereign wealth fund China Investment Corporation (CIC) is poised to buy a small stake in the holding company that owns Thames Water, the water network that serves London, the Financial Times reported on Friday, according to Reuters.
The newspaper cited one person familiar with the situation as saying China's $410bn (£265 bn pound) sovereign wealth fund is close to agreeing the acquisition of up to 10% of the UK utility with its holding company Kemble Water.
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