United Utilities to sell Thus stake

20 Jun 2007

Water company United Utilities has announced it will dispose of its 22.63% stake in UK business telecoms provider Thus, through a share placing. The placing of the 41 million shares with institutional investors will be carried out by CitiBank and HSBC. The market capitalisation of Thus is currently around GBP360 million (USD714 million), making the stake worth about GBP80 million.

United Kingdom, Thus