American bank Citigroup has announced its intention to sell its £2 billion stake in Kelda Water, the parent company of Yorkshire Water.
Citigroup, one of Yorkshire Water’s biggest shareholders, has appointed investment bank Evercore to find a buyer for its 30 per cent stake.
Commenting on the announcement in a statement released yesterday, Yorkshire Water said:
“We are aware of Citi’s decision to review its investment in Kelda. It is not unusual for companies to trade their investments.”
A report in yesterday’s Sunday Times newspaper said that a sale could trigger a battle for control of the water group as two of the other three stakeholders, Deutsche Bank and pension fund giant M&G, are also reportedly looking to sell their 23 and 10 per cent stakes respectively.
Last month's credit ratings downgrade of Yorkshire Water by ratings agency Moody’s was attributed to the impact of low interest rates and concerns over its debt hedging strategy.
With the UK government demanding a 50% reduction in storm overflow spills by 2029, the era of reactive management is over. Speaking in the House of Commons on 21 July 2025, then environment secretary Steve Reed said, “This Government will cut water companies’ sewage pollution in half by the end of the decade.”
ERG, the leading supplier of odour control systems and industrial gas cleaning & thermal systems, has been awarded the coveted King’s Award for Enterprise.
Welsh Water’s new artificial intelligence-driven tool, ORAI, has been shortlisted for three categories at the prestigious British Data Awards 2026 – underscoring the company’s commitment to using cutting-edge technology to deliver better outcome for customers.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.