Dec 3, 2017

Yorkshire Water investors look to sell £4bn stakes

Investors in Yorkshire Water are rushing to sell their stakes for an estimated £4bn ahead of a tough regulatory review this month that is expected to hit profits across the industry. Yorkshire Water, which supplies water and sewage services to around 5m people and 130,000 businesses, is owned by parent company Kelda Group, which is registered in Jersey. Water regulator Ofwat has warned of a "Tough new regime" that will reduce the prices water companies can charge customers. Last week Ofwat criticised, Thames Water, Bristol Water, Dee Valley Water and Southern Water for "Basic data errors" on issues ranging from customer bills to the number of leaks they suffer. Yorkshire Water was the first water company to publicly pledge to clean up its act.

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