HALISTER: Infracapital Hires Citigroup for Energy Meter Co. Sale: Times

Infracapital Hires Citigroup for Energy Meter Co. Sale: Times

(Bloomberg) -- Calvin Capital, which is installing smart energy meters under GBP11b U.K. plan, has been put up for sale with a GBP1b price tag, Sunday Times reports, without saying how it obtained information.
  • Co., which trades as Meter Fit, has already installed more than 6m devices; owner Infracapital, a specialist investment arm of Prudential, recently hired Citigroup to auction business
  • Calvin and Macquarie Energy Leasing dominate British smart meter industry
  • Govt mandated smart-meter rollout expected to be completed by 2021
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
C US (Citigroup Inc)
PRU LN (Prudential PLC)
PE07549 LN (Infracapital Partners II LP)
MQG AU (Macquarie Group Ltd)

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