UK water company Severn Trent will this month appoint new corporate brokers amid suggestions it will soon attract a takeover offer.

Severn Trent's brokers, Credit Suisse and HSBC, have re-pitched with a handful of other investment banks. The company has drawn up a shortlist, thought to include Citigroup, JP Morgan Cazenove, Merrill Lynch and Morgan Stanley, and could reach a decision this week.

David Rothnie

Severn Trent

Citigroup

Deutsche Bank

HSBC

Credit Suisse

Tesco

Morgan Stanley

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Severn Trent close to naming new brokers

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