Severn Trent at the centre of a possible £5.3bn takeover

MIDLAND utility Severn Trent is at the centre of a takeover bid which values the water company at around £5.3bn.

The board at the Coventry-based group confirmed today that it had been approached by a consortium of international investors, although it stressed no offer had been made.

The consortium is made up of Canada’s Borealis Infrastructure Management Inc, the Kuwait Investment Office and Universities Superannuation Scheme Ltd.

Borealis is the infrastructure arm of the Ontario Municipal E... For the full story register now for free or login below...