Kelda Group
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.
 | |
| Type | Private |
|---|---|
| Industry | Utility |
| Founded | 1989 |
| Headquarters | Bradford, England, UK |
Key people |
|
| Revenue | £878.9 million (2007) |
| £338.2 million (2007) | |
| £151.3 million (2007) | |
| Owner | Saltaire Water |
Number of employees | 3,843 (2007) |
| Subsidiaries | Yorkshire Water, Kelda Water Services |
| Website | www.keldagroup.com |
History
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] Citi sold its infrastructure investments to Corsair Capital in 2015.[4]
Operations
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
- "Company History". Kelda Group. Retrieved 13 May 2013.
- "Kelda Group PLC (UK): Scheme of Arrangement". FTSE Group. 4 February 2008. Archived from the original on 16 May 2011. Retrieved 18 February 2008.
- 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.
- "Corsair pulls Kelda sale as DWS continues talks". Inframation. 6 March 2019. Retrieved 11 July 2020.