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Hermes and Thames Water

  • In October 2012 Hermes Investment Management acquired a 13.06% stake in Kemble Water Holdings Limited, the ultimate holding company of Thames Water Utilities Limited, on behalf of a major institutional client. We have today entered into an agreement to sell a partial interest in our client’s current stake, primarily for portfolio construction reasons and on completion of the transaction will continue to hold an 8.7% ownership interest. As one of the UK’s largest direct infrastructure investors and a significant investor across the water sector, we remain committed to acting as a responsible investor with a strong focus on governance and continued engagement with the regulator, fellow shareholders and broader stakeholders more generally. The sale is subject to completion of customary regulatory approvals.

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Press contacts

Johnny Weir, Head of Corporate Communications, Federated Hermes Limited
Rachael Dowers, Associate Director - Corporate Communications
Hannah Bellfield, Manager - Corporate Communications
Jake Rosenberg, Assistant Manager - Corporate Communications