Canadian investors seek buyer for their 50% stake in South East Water
Two Canadian stakeholders are looking for buyers of their combined 50% stake in South East Water at a reported price of some £200 million
Pension-fund manager, Caisse de Dépôt et Placement du Québec, is disposing of its 37.5% share in the water only company and pension fund, Desjardins Employees pension, is selling its 12.5% holding according to InfraNews.
CDPQ bought a 50% stake in the water company in 2010 from fund manager Hastings Funds Management for £165 million before selling a quarter of that to Desjardins.
Canadian bank RBC and consultant, PwC are running the sale.