(RTTNews) - Cheung Kong Infrastructure Holdings (CKISF.PK: News ) announced sale of shares of Northumbrian Water Group Plc (NWG.L: News ) by Artemis Investment Management LLP.

On August 2, 2011, the boards of UK Water Ltd. and Northumbrian announced that they agreed on the terms of a recommended acquisition of the entire issued share capital of Northumbrian by UK Water, to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006. UK Water is a company indirectly wholly owned by a consortium comprising Cheung Kong Infrastructure Holdings Ltd., Cheung Kong (Holdings) Ltd. and Li Ka Shing Foundation Ltd.

UK Water released an announcement on August 17, 2011, stating that it had been notified by Artemis that, on August 16, Artemis sold 4 million Northumbrian shares.

On August 17, Artemis sold 2.26 million Northumbrian shares. Further, Artemis sold 1.1 million Northumbrian shares on August 18.

Cheung Kong Infrastructure Holdings noted that consequently, the non-binding letter of intent from Artemis currently applies to 7.72 million Northumbrian shares, representing around 1.5 percent of Northumbrian's existing issued share capital.