United Utilities may attract Kuwaiti bid of GBP 12 per share
Kuwait’s sovereign wealth fund may be considering bidding for UK-listed United Utilities, according to market chatter, The Independent reported.
The rumours suggested the Kuwaiti fund may be mulling a bid of around GBP 12.00 (USD 19.09) per share, alongside a speculated offer from Ontario Teachers Pension Fund (OTPP), the report said.
OTPP might team up with funds from Abu Dhabi and Qatar to launch a break-up bid pitched at around GBP 12.00 per share, which would value United Utilities at approximately GBP 8bn, according to rumours carried in a market report in The Daily Mail
Source Independent, Daily Mail