Severn Trent confirms consortium takeover bid

(Pictured: Lake Vyrnwy, Source: Getty)

Water company Severn Trent has confirmed that is has received an approach from a consortium made up of Borealis Infrastructure Management, the Kuwait Investment Office and Universities Superannuation Scheme (release).

This approach is at a very early stage, no proposal has been made and there can be no certainty that an offer will be made or as to the terms of any such offer, should one be forthcoming.