Just days after its successful Southern Water bid, JPMorgan, has now emerged as one the main contenders to buy another UK utility – Norweb, on sale from United Utilities for £1.5bn. The Daily Telegraph reports JPMorgan is thought to be vying with Hong Kong-based Cheung Kong Infrastructure (CKI) in the second round of bids for the electricity distribution business. Other bidders may include Goldman Sachs, Morgan Stanley and Babcock and Brown, although it is not clear whether they too have made it through to the second round.

This entry was posted by Sam Jones on Thursday, October 11th, 2007 at 5:07 and is filed under M&A. Tagged with CKI, jpmorgan, norweb, southern water. Edit this entry.