Goldman Sachs and Allianz look to buy stake in Yorkshire Water
US investment bank Goldman Sachs and Allianz, one of Europe's largest insurers, have reportedly teamed up to make a £2B bid for a 30% stake in Yorkshire Water.
According to the Sunday Times and today's Yorkshire Post, Goldman Sachs and Allianz will face "stiff competition" for the shareholding as Citigroup looks to sell 17% of its 37% shareholding in Yorkshire Water and M&G is selling its 13% stake.
A consortium led by Citigroup bought Yorkshire Water for £3B in 2008.
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