Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Chinese sovereign fund invests in Thames Water in UK first

China’s sovereign investment fund has made its first UK venture with the purchase of an 8.68% stake in Thames Water today.

The China Investment Corporation (CIC) confirmed it had made the purchase “through a wholly owned subsidiary” in a one line statement on its website this morning. How much the stake was bought for, and which fund the stake was acquired from, has not yet been revealed.

Macquarie managed funds hold stakes in the water company worth just under 40% but the remainder is held by a series of other investors.

News of the purchase follows chancellor George Osborne’s visit to China this week.

In December Macquarie Infrastructure and Real Assets (MIRA) announced a change in ownership of 9.9% of Kemble Water Holdings Limited (Kemble) - the holding company of Thames Water – for an undisclosed sum.

Readers' comments (1)

  • Barry Walton

    So much for a privatised water industry. Will the profits count as export earnings?

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.