Affinity Water

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Affinity Water Ltd
Limited company
IndustryWater industry
Founded1 October 2012
HeadquartersHatfield, Hertfordshire
Area served
North west of Greater London and some Home counties
Key people
  • Philip Nolan (Chairman)
  • Pauline Walsh (CEO)
  • Stuart Ledger (CFO)
ProductsDrinking water
Production output
0.9 Gl/day (drinking water)
ServicesWater supply
Revenue£303 million (year ended 31 March 2016)[1]
OwnerConsortium of Allianz (36.6%), HICL (36.6%) and DIF Tamblin (26.9%)[2]
Number of employees
1,194 (Average for year ended 31 March 2016)[1]
Websitewww.affinitywater.co.uk

Affinity Water is a water supply company owned by a consortium of Allianz, HICL and DIF Tamblin.[2]

Affinity Water was established through the purchase of Veolia Water's UK water supply operations by Rift Acquisitions, an entity established by Morgan Stanley and M&G Investments, for £1.2 billion on 28 June 2012. The three separate Veolia Water-branded businesses: Veolia Water Central, Veolia Water Southeast and Veolia Water East were brought together as one company, under the Affinity Water brand on 1 October 2012.

Veolia Environnement retained a 10% stake in Affinity Water for five years from incorporation, using the proceeds of the disposal to reduce its debt, as part of a €5bn debt-reduction programme announced in December 2011.[3][4]

In May 2017, a consortium of Allianz, HICL and DIF purchased Morgan Stanley and M&G's 90% holding, followed by Veolia's 10% holding.[5]

Supply area[edit]

Affinity supplies three geographically distinct regions of England. The Central region serves parts of Bedfordshire, Buckinghamshire, Essex, Greater London, Hertfordshire and Surrey. The East region serves part of Essex. The Southeast region serves part of Kent.[6]

References[edit]

  1. ^ a b "Affinity Water Annual Report and Financial Statements for the year ended 31 March 2016" (PDF). Affinity Water. 2016-06-27. Retrieved 2017-06-30.
  2. ^ a b "Our Organisational Structure". Affinity Water. Retrieved 10 March 2018.
  3. ^ "Veolia sells UK water business for £1.2bn". BBC News Online. 28 June 2012. Retrieved 21 September 2012.
  4. ^ "Veolia cède son activité Eau Régulée au Royaume-Uni" (PDF) (Press release) (in French). Veolia Environnement. 28 June 2012. Archived from the original (PDF) on 2015-09-14. Retrieved 30 September 2012.
  5. ^ "Allianz-backed consortium to buy Britain's Affinity Water". Reuters. 2 May 2017. Retrieved 10 March 2018.
  6. ^ https://www.affinitywater.co.uk/our-supply-area-moving-home.aspx

External links[edit]