UK Holdings-Northumbrian Water Takeover

A $10,321.85 m

Entry date - Monday, 19 September 2011
Jurisdiction - Hong Kong
Practice - M&A
UK Holdings-Northumbrian Water Takeover

Firm Ashurst Client Financial advisors to consortium Lead Lawyers Jane Fissenden, Tom Mercer Role UK counsel to financial advisers	Firm Freshfields Bruckahus Deringer Client Hong Kong consortium Lead Lawyers Simon Weller Role HK/US counsel to acquirer	Firm Hogan Lovells Client Northumbrian Water Lead Lawyers Steven Bryan Role International counsel to target
Firm Mills & Reeve Client Hong Kong consortium Lead Lawyers Claire Clarke, Stephen Hamilton Role UK counsel to acquirer

DEAL SUMMARY

· $7.7 billion transaction involved the takeover of Northumbrian Water by UK Holdings, a vehicle owned by a consortium of three Hong Kong companies led by Hong Kong billionaire Li Ka-Shing’s Cheung Kong Infrastructure (CKI)

· Mills & Reeve previously advised CKI on its $122 million sale of Cambridge Water to HSBC Holdings

· Northumbrian Water is a longstanding client of Hogan Lovells, the firm advised on the company’s 2003 listings on the AIM and the London Stock Exchange

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