William Eichler 19 December 2017

Council pension schemes purchase shares in Anglian Water

Council pension schemes purchase shares in Anglian Water  image

Five council pension schemes have acquired, along with a separate company, a 15% share in Anglian Water (AWG).

GLIL Infrastructure LLP, a joint venture between Lancashire, Merseyside, West Yorkshire, London, and Greater Manchester council pension schemes, purchased AWG from 3i with Dalmore Capital.

The 15% share will be owned on a 50:50 basis.

AWG manages water and water recycling services in the East of England and Hartlepool, and is the largest water and sewerage company in England and Wales by geographic area.

It supplies and services 2 million households and 124,000 business connections.

The acquisition was part of GLIL’s strategy to invest in UK infrastructure assets.

‘Pension fund investment is key to UK infrastructure development,’ said Merrick Cockell, chairman of the London Pension Fund Authority (LPFA).

‘This investment in AWG demonstrates our commitment to sustainable infrastructure investing.

‘It is a perfect example of how GLIL‘s collaborative and long-term investment approach can help to ensure stability for pension funds and the services provided to the public through our infrastructure.’

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