Friday, August 11, 2006

Equity Investors & Utilities

Gulf News:
As the worldwide thirst for infrastructure assets increases, more such private equity firms are likely to emerge at the head of, or as part of, consortium bids for water companies, bringing to the boil the simmering discussion of whether they are locust-like short-termists, or serious long-term shareholders. That debate is already under way in the US utility industry, where regulators have blocked two private-equity-led bids for electricity companies, chilling similar investment across the sector.