RWE AG has announced plans to complete its $6.3 billion purchase of Thames later this year (see related story), after the British company has completed its $948 million buyout of E’Town Corporation, a water utility holding company in New Jersey, according to AFX News UK.
Power, Finance & Risk reported on 30 October that analysts expect RWE AG to finance 20% to 40% of the purchase through a European or British market bond offering next year.
Thames is the United Kingdom’s largest water supplier with 12 million customers in London and the Thames Valley, and 23 million worldwide.
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.
Most Read
Now available on demand: edie’s online circular economy action sessions
Why have so many major players quit the Net-Zero Insurance Alliance?
Fairy offers dishwashing tips to help consumers reduce emissions
‘Alarming’: Businesses rank keeping 1.5C alive bottom of COP28 priorities
EU Parliament agrees on new corporate due diligence law despite right-wing pushback
Please login or Register to leave a comment.