Published on 21st June 2015
Severn Trent is reportedly set to receive a second takeover bid from Borealis Infrastructure, two years after the Canadian investment company approached the water giant as part of a consortium. It is understood the £5bn offer has been discussed by the two groups in early stage talks that opened in May, the Sunday Times said. Borealis, which is a major overseas investor in British infrastructure, is thought to be exploring deal options that would enable the company's chief executive, Liv Garfield, to remain in her position.