Motley Fool: Macquarie Swallows Thames Water

Australia’s Macquarie Bank, together with a group of unnamed investors, has bought Thames Water for £4.8b plus £3.2b in debt. The water utility, which is owned by Germany’s RWE, supplies water to about 13 million people in London and the Thames Valley. It came into existence in 1974 when ten regional water companies were created through the Water Act of 1973. It was subsequently privatised by the then Conservative Government in 1989, and later bought by the German multi-utility firm RWE in 2001.