Ashurst has advised HSBC and RBC Capital Markets in relation to the
£2.4 billion recommended cash offer for Northumbrian Water Group
plc announced today. The offer is being made by UK Water (2011)
Limited, whose ultimate shareholders are a consortium comprising
Cheung Kong Infrastructure Holdings Limited, Cheung Kong Holdings
Limited, and Li Ka Shing Foundation Limited. HSBC and RBC Capital
Markets are acting as joint financial advisers to the
consortium.
The Ashurst team was led by corporate partners Adrian Clark and Tom Mercer with finance partner Jane Fissenden, senior finance
associate Tim Rennie and corporate associate Claire Broom.