Kelda Group

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Kelda Group
Type Private
Industry Utility
Founded 1989
Headquarters Bradford, England, UK
Key people John Napier, Chairman
Kevin Whiteman, CEO
Revenue £878.9 million (2007)
Operating income £338.2 million (2007)
Net income £151.3 million (2007)
Owners Saltaire Water
Employees 3,843 (2007)
Subsidiaries Yorkshire Water, Kelda Water Services
Website www.keldagroup.com

Kelda Group is a British utility company. It is based in Bradford, England. It was formerly listed on the London Stock Exchange and a constituent of the FTSE 100 Index, but was taken private by a group of investors in 2008.

History[edit]

Kelda Group, originally known as Yorkshire Water plc, was one of the regional water companies privatised in 1989.[1] It changed to its current name in 1999.[1] In 2000 Kelda purchased the United States water supply business Aquarion and subsequently announced the conditional sale of this asset in February 2006.[1] It was taken private in a £3.04 billion deal in February 2008 by Saltaire Water,[2] a consortium of investment companies including Citigroup and HSBC.[3]

Operations[edit]

Yorkshire Water remains its principal UK business. It provides water to several million people in northern England, mainly in the catchment area of the River Ouse. It has interests in non-regulated businesses related to its main activity, such as environmental management.

References[edit]

  1. ^ a b c "Company History". Kelda Group. Retrieved 2013-05-13. 
  2. ^ "Kelda Group PLC (UK): Scheme of Arrangement". FTSE Group. 4 February 2008. Retrieved 2008-02-18. 
  3. ^ Larkin, Nicholas (8 February 2008). "Montagu, Partners to Buy Biffa for 1.2 Billion Pounds". Bloomberg. Retrieved 2008-02-18. 

External links[edit]