South Staffordshire Water sold to US fund

30/10/2007

South Staffordshire Water has been sold for £400m by Arcapita, the Bahrain-based investment group, to Alinda, a US infrastructure fund, the latest of a series of deals in the sector.

Arcapita, which also owns Northern Irish electricity supplier Viridian, bought South Staffordshire Water in November 2004 for £245m. One analyst said there would be more water deals in the near term, with Kelda, Yorkshire Water’s owner, and Northumbrian Water the most likely targets.