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.