UK - Hastings Infrastructure Fund in £665m secondary buyout of South East Water

Hastings Fund Management, an infrastructure fund owned by the Australian bank, Westpac, has acquired South East Water from Macquarie in a ТЃ665.4m secondary buyout deal. Commentators have suggested that Macquarie's timely exit is evidence of its keenness to bid for Thames Water. It has so far been frustrated by regulatory constraints which prevent one company owning two UK water companies.