By Nick Butler and Ian Pearson
The $2.4bn bid for Northumbrian Water by a fund owned by Hong Kong industrialist Li Ka-Shing last month was seen as just the latest takeover of a British utility by international investors. In reality, it is the latest in a series of early moves that may yet reshape the global water sector. Yet in the coming era of water shortages and water conflicts, there is urgent need for greater global integration in an industry that, for historical and political reasons, remains overly national both in scope and ambition.
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