CHINA’S state-run investment fund has snapped up a slice of the UK’s biggest water and sewerage firm.
China Investment Corporation has taken an 8.7% stake in the holding company that owns Thames Water, which provides sewerage services to 14m customers and water services to 8.8m people.
The move follows a visit by Chancellor George Osborne to Beijing this week to forge closer ties between the two countries. It is thought to be the sovereign wealth fund’s first investment in the UK.
Thames Water’s holding company Kemble Water is owned by a consortium of investors led by Australian bank Macquarie.