AMP Capital Investors acquires additional stake in Thames Water

AMP Capital through its European flagship fund, the Strategic Infrastructure Trust of Europe (SITE) and separately managed accounts, has taken an additional stake in Thames Water, the largest water and waste water services provider in the United Kingdom.

The additional stake of £27.3 million brings AMP Capital’s total holding in Thames Water to £144.3 million.

AMP Capital Head of Infrastructure Europe Boe Pahari said the Thames Water asset is well known to the team as it had been managing a stake in the asset since 2006.

“AMP Capital and the European team have extensive experience in the UK regulated environment and has advanced knowledge of the Thames Water asset having been an investor for more than five years,” Mr Pahari said.

“The increased stake in Thames Water aligns with AMP Capital’s strategy of meeting its target return levels and holding core quality infrastructure assets of a critical size that we are able to actively asset manage.

“The additional stake aligns with our strategy to increase value for investors,” he concluded.

Established in 2005, SITE invests in a portfolio of diversified infrastructure assets in the United Kingdom and Western Europe. Total European funds under management held by AMP Capital is £563.2 million.

SITE offers access to a diverse range of infrastructure sectors, including energy/utilities, transport and social infrastructure. The Fund currently holds seven investments: Angel Trains, Alpha Trains, Compañía Logística de Hidrocarburos (CLH), Wales and West Utilities, Kenyeri Hydro, BAA Toggle and Thames Water.

SITE continues to implement its investment strategy and is currently working on a pipeline of attractive opportunities for the benefit of investors.

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