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In the papers - Tuesday, 27 November 2007

Thames Water is on course to spend £1bn this year on improving its water and sewerage services, including replacing large stretches ofLondon's mains installed in the Victorian era. The company, acquired late last year by a consortium of institutional investors, said yesterday the programme was the largest annual investment ever undertaken by a water company - TheGuardian

Kelda, owner of Yorkshire Water, said yesterday it had been agreed to be bought by a consortium of investment firms for around £3bn. Kelda said its shareholders would receive £10.90 a share form the consortium, which comprises Citigroup Alternative Investments, GIC Special Investments, Infracapital Partners and HSBC – The Guardian

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