Kelda Group

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Kelda Group
Private
IndustryUtility
Founded1989
HeadquartersBradford, England, UK
Key people
John Napier, Chairman
Kevin Whiteman, CEO
Revenue£878.9 million (2007)
£338.2 million (2007)
£151.3 million (2007)
OwnerSaltaire Water
Number of employees
3,843 (2007)
SubsidiariesYorkshire Water, Kelda Water Services
Websitewww.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, Saltaire Water, in 2008. Saltaire Water members include CitiBank and HSBC Holdings.

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 4.5 million people in northern England, mainly within the geographical county of Yorkshire. 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 13 May 2013.
  2. ^ "Kelda Group PLC (UK): Scheme of Arrangement". FTSE Group. 4 February 2008. Archived from the original on 16 May 2011. Retrieved 18 February 2008.
  3. ^ Larkin, Nicholas (8 February 2008). "Montagu, Partners to Buy Biffa for 1.2 Billion Pounds". Bloomberg. Archived from the original on 21 March 2010. Retrieved 18 February 2008.

External links[edit]