UK - Hermes is set to acquire a 4% stake in Southern Water as part of a consortium including seven Australian superannuation funds which beat off competition from groups led by Goldman Sachs and Morgan Stanley.
The deal would be worth almost £4.2bn (US$8.5bn) and see the superannuation funds scoop 18% of the utility company between them. The major shareholder would be a fund advised by JPMorgan Asset M...
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