Severn Trent to sell PPs after Ofwat decision

Jug_tap_fill_Adobe_230x150
By Silas Brown
24 Feb 2020

Severn Trent, one of the UK’s three listed water companies, is looking to sell US private placements via its holding company, according to market sources. This is the first PP transaction from a UK water company since regulator Ofwat set out a new price review for the sector in December.

Lloyds has been hired to arrange the transaction and held a roadshow in London on Tuesday. 

"Severn Trent is the best holdco out there," said a banker away from the deal, referencing the fact that its holding company is rated investment grade by Moody's and Standard & Poor's, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.