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Linklaters projects partner Clive Ransome advised Australian investment bank Macquarie Bank on its £426m acquisition of UK water company South East Water, which was owned by SAUR – a subsidiary of France-based Bouygues Groupe. The vendor was advised by Freshfields Bruckhaus Deringer corporate partner Tom Head, supported by senior associate Gerallt Jones and corporate associates James Pointin and Edward Cole. This is thought to be the first of a number of such transactions the Australian bank aims to seal in the UK in coming months.

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