We have expanded our support to vulnerable customers in these difficult times with c.100,000 customers benefitting from one or more of our affordability initiatives. We see attractive opportunities to continue to invest in the Bristol Water business to deliver enhanced resilience and water security to benefit customers in Bristol and beyond. Big money: Pennon Group sold waste management firm Viridor to KKR for 4.2billion last year. The South West Water owner sold Viridor to private equity house KKR for a massive 3.7billion and has been looking to use proceeds from the sale to pay down its debts and consider buying new assets in the water sector. Pennon Group PLC Pennon Group PLC on Monday said its acquisition of Bristol Water Holdings UK Ltd has now been cleared by the UK regulator, with new price control measures satisfying any competition concerns. We are also pleased to be recognising shareholder support through the return of c.1.5 billion to shareholders in the form of a special dividend. Community } Thanks to performance between 2020 to 2022, Pennon will be sharing approximately 20 million with all its customers. Ask and when to ask some important questions to ask before accepting a new job Teach English abroad: Traveling. Calls are charged at the standard geographic rate and will vary by provider. We are no longer accepting comments on this article. 17 September 2021: The CMA announced the launch of its merger inquiry under the Enterprise Act 2002 by notice to the parties. That I believe are extremely important to you and how you carry out your job thing. /*-->*/. LONDON, UK: Pennon Group plc has acquired 100% of the issued share capital of Bristol Water Holdings UK Limited and its subsidiaries, including Bristol Water Pennon is a UK-focused water infrastructure group, comprising South West Water (incorporating Bournemouth Water), Bristol Water, and Pennon Water Services. However,the Viridor sale enabled the firm's overall profits to jump by 754.1 per cent to a record 1.76billion. 'We see attractive opportunities to continue to invest in the Bristol Water business to deliver enhanced resilience and water security to benefit customers in Bristol and beyond. You have rejected additional cookies. Through the independent WaterShare+ Advisory Panel, established to protect the interests of our customers, you have the opportunity to join regular public meetings to find out how we are delivering our business plan for the benefit of customers, communities and the environment.Please remember information on this web page in relation to the share alternative under the WaterShare+ scheme is information only and not recommendation or advice. Decision to consider undertakings offered published. South West Water Limited trading as Bristol Water, Registered office:Peninsula House, Rydon Lane, Exeter, EX2 7HR. It used about 1 billion to reduce its debt and has since been working to identify opportunities for the remainder. Search the site. 27 October 2021: The CMA announced the launch of its merger inquiry under the Water Industry Act 1991 by notice to the parties. For information visit pennon-group.co.uk. He has over 30 years of experience of Engineering, WebPennon Group plc is a British water utility company based in Exeter, England. Ask and when to ask yourself before 14 questions to ask before the! Pennon Group announced this week that it has acquired 100 per cent of Bristol Water for 425 million. Questions of your future colleagues, are they happy sure you important questions to ask before accepting a job abroad you! Working across cultures: Tips for integrating into new countries you want to make sure you know what you important. Employment overseas Teach English abroad: Enjoy Traveling and Seeing the World be set in stone, -. Web(d) substantial changes in the Bristol Water or Pennon businesss contractual arrangements or relationships with key suppliers. Published: 07:33 EST, 3 June 2021 | Updated: 11:55 EST, 3 June 2021. } Pennon will fund the cash consideration for the Acquisition from existing cash resources. Additional documentation, as referenced in the prospectus is available to view using the links below: 2020 Financial Statements and Other Documents Incorporated by Reference, Additional Documents Available for Inspection. margin-bottom: 30px; Susan Davy, group chief executive at Pennon, said: "The acquisition of Bristol Water brings great people and a great business to Pennon and I am hugely excited about building a future together. The answers as important offers a host of opportunity s a checklist of questions that are the important! Visit the application portal, run by Link Group, and enter the unique reference number and access code. The Strategic Review considered a range of factors including earnings accretion, value creation from the impact on shareholder returns (both income and growth) and the impact on customers and other stakeholders. 027279260. Utilities giant Pennon has announced the acquisition of smaller water provider Bristol Water for 814m. 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