Shareholders in Kelda Group, owners of Yorkshire Water, are considering whether to put their stakes in the utility up for sale, according to a report in yesterday’s Sunday Times newspaper.
The article says that private equity fund Corsair Capital and Deutsche Bank, who own 30.3% and 23.4% respectively, are contemplating the sale of their shares for what could be up to $3 billion.
The article is suggesting that the shareholders are considering the potential sale of their stakes following Ofwat’s indication that the upcoming Price Review in 2019 would see a “clampdown on profits”
The report also says that Infracapital, the European infrastructure equity arm of M&G Ltd, Prudential Plc's European investment management division, has already sold its own 10% stake, according to industry sources.
Three weeks ago reports in the local press said that Kelda Group are also planning to exit the retail business market with the sale of Yorkshire Water Business Services and Three Sixty non-household retail businesses.
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development.
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
James Sumsion, CEO of predictive water intelligence specialists Kohtari, says the water sector needs to take a giant leap forward, so that it can anticipate and act upon water quality issues - rather than merely react.
Ray Moulds, Sales Director at Flood Control International, takes a look at how automated sliding floodgates are supporting secondary containment at water and sewerage company sites.
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.