The industry is under pressure to improve water quality and reduce leakages after a spate of problems.
The deal is awaiting approval from the Competition and Markets Authority.
The deal is awaiting approval from the Competition and Markets Authority.
The sale comes despite growing concerns over the UK’s water industry, which has been accused of paying out excessive salaries and perks to executives whilst preceding oversevere leakage and pollution failures.
It’s Japanese owners, Sumitomo Corporation and Osaka Gas, put the business up for sale in February 2023, just as water companies faced a wave of protests across the country over the impact on water ways and services.
If the deal goes ahead, Pennon Group, which owns South West Water will add SES’s 750,000 customers to its books.
It follows Pennon’s previous acquisitions of Bournemouth Water and Bristol Water.
Missed targets
The deal is awaiting approval from the Competition and Markets Authority.
The industry is under pressure to improve water quality and reduce leakages after a spate of problems.
The sale comes despite growing concerns over the UK’s water industry, which has been accused of paying out excessive salaries and perks to executives whilst preceding oversevere leakage and pollution failures.
The deal is awaiting approval from the Competition and Markets Authority.
The deal is awaiting approval from the Competition and Markets Authority.
The sale comes despite growing concerns over the UK’s water industry, which has been accused of paying out excessive salaries and perks to executives whilst preceding oversevere leakage and pollution failures.
It’s Japanese owners, Sumitomo Corporation and Osaka Gas, put the business up for sale in February 2023, just as water companies faced a wave of protests across the country over the impact on water ways and services.
If the deal goes ahead, Pennon Group, which owns South West Water will add SES’s 750,000 customers to its books.
It follows Pennon’s previous acquisitions of Bournemouth Water and Bristol Water.
Missed targets
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