Welsh Water poised for Swalec strike

Monday 27 November 1995 00:02 GMT

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Welsh Water poised for Swalec strike

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.

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Welsh Water poised for Swalec strike

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