The parent company of Anglian Water, AWG, has announced it has received a potential offer to buy the water giant, sending shares soaring by 11%.

AWG has so far refused to confirm the identity of the would-be buyer but press speculation points to venture capital firm 3i, which bid on Thames Water earlier in the year but later pulled out.

Anglian has around 5.5 million customers in the east of England.

Sam Bond

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