Welsh Water is thought to be poised to launch its long-awaited bid for Swalec this week, valuing the regional electricity company for South Wales at about pounds 800m. On Wednesday, Welsh is expected to attempt to win a board recommendation from Swalec, but is set to press on with a hostile offer if it is rejected. The bid would value Swalec shares at around 860p.
Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.
Welsh Water poised for Swalec strike