By Marcus Leach

Hong Kong's Cheung Kong Infrastructure (CKI) has confirmed they have made a takeover bid for Northumbrian Water.

The bid values Northumbria Water at £2.4 billion ($3.9 billion), and CKI has offered 465p per share which has resulted in Northumbria Water opening their books to the firm for a limited period of time.

Based in Durham, Northumbrian supplies water in the north-east of England. It also owns Essex & Suffolk Water.

CKI, which is part of Cheung Kong Holdings, has business interests covering water, energy and transportation sectors.

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