A&O loses plum role as Vivendi backtracks on Southern Water
Allen & Overy (A&O) is likely to be the biggest loser following Vivendi Environment’s recent decision to dilute its stake in Southern Water and to delay the refinancing of the group’s debt. The firm looks set to lose the lucrative refinancing of Southern Water’s debt to Linklaters. After continued regulatory uncertainty, Vivendi has now agreed […]