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Shares in Severn Trent rise sharply over 'takeover news'

The Coventry-based water company supplies more than four million households across the Midlands

Shares in Severn Trent Water have risen sharpy at the news it could be taken over by an overseas consortium.

The Coventry-based water company supplies more than four million households across the Midlands. If the takeover goes ahead it will be fourth UK water company to fall into foriegn hands.

British water companies are targetted because of the monopoly on customers and relatively stable returns.