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

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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.