Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

BT Pension Fund Buys Macquarie Stake in Thames Water

Don't Miss Out —
Follow us on:

(Corrects to remove reference to Macquarie disposal in final paragraph of story published June 30.)

May 30 (Bloomberg) -- BT Group Plc’s pension fund said it acquired a minority percent stake in Thames Water, Britain’s largest water and sewage company, from funds managed by Macquarie Group Ltd.

BT’s pension fund bought 13 percent of Thames Water’s holding company Kemble Water Holdings Ltd. for an undisclosed amount, Macquarie said in a statement today.

The pension plan is making the acquisition after BT said it planned to halve its 3.9 billion-pound ($6 billion) pension deficit. The phone company has sought to move away from past criticism of its pension funding, with a regulator saying in 2010 it had “substantial concerns” over the payment of the shortfall.

China’s largest sovereign wealth fund, China Investment Corp., bought an 8.76 percent stake in Thames Water in January.

To contact the reporter on this story: Jonathan Browning in London at

To contact the editor responsible for this story: Kenneth Wong at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.