Anyone with a pulse will appreciate that this is a planet covered largely by water, but unfortunately, drinking water is fairly scarce in many parts of the world and no doubt you will be aware of the drought that is occurring in East Africa. Water is a precious, life saving commodity. There are many that believe that it is a resource that is running out, particularly due to the way many industries use such vast quantities in production processes.
So it ought to be an incident of note when a business from Hong Kong makes an offer to buy one of the UK’s water companies. Northumbrian Water were approached at the start of the month by Cheung Kong Infrastructure Holdings Limited (CKI). The Board have agreed to permit CKI to conduct due diligence. The initial offer is 465pence per ordinary share. Northumbrian Water is a UK listed share.
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