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« Hastings Funds Buys South East Water for $1.2 Billion | Main | Italy private equity mulls infrastructure funds, seeks stable rules »

October 2, 2006

AWG Agrees to 3i, Funds Sale, Says New Bid Possible

By Peter Dinkloh and Edward Evans

Oct. 2 (Bloomberg) -- AWG Plc, the water supplier for 6 million customers in eastern England, agreed to be bought by a group led by Canadian and Australian investors for 2.21 billion pounds ($4.13 billion) and said another bidder may offer more.The buyers, also including 3i Group Plc, plan to pay 1,555 pence a share, the group said today in a statement. That's 14 percent more than AWG's share price on Sept. 13, the day before the Huntingdon, U.K.-based company said a takeover approach was made. The shares jumped as high as 1,629 pence.

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Posted by pichu at October 2, 2006 11:02 PM