* Ontario pension fund plans 1.7 bln stg bid-paper
* Northumbrian declines to comment, fund unreachable
LONDON, Jan 31 (BestGrowthStock) – British utility Northumbrian
Water (NWG.L: ) could receive a 1.7 billion pound takeover offer
from a Canadian pension fund, the Sunday Times reported, citing
unnamed sources.
The Sunday Times said the Ontario Teachers’ Pension Plan,
which already holds a 27 percent stake in Northumbrian, had
begun sounding out banks to put together debt finance for the
deal.
Northumbrian declined to comment. Ontario Teachers could
not be reached for a comment.
Stock Investing
(Reporting by Myles Neligan, editing by Maureen Bavdek)
Northumbrian Water eyed by Canada pension fund-report
