Yorkshire Water’s Parent Sells 10% Stake to Pension FundLouise Downing
The parent company of Yorkshire Water Services Ltd., which supplies 1.9 million households in northern England, has sold a 10 percent stake in the utility to Australia pension fund State Infrastructure Holdings 1 Pty Ltd.
State Infrastructure may have paid 200 million pounds ($335 million) to 500 million pounds for the holding, Ben Harrington, a financial blogger, said today on his website. Yorkshire Water, owned by Kelda Holdings Ltd., declined to provide terms of the deal announced in February.
The pension fund bought its stake from two existing shareholders that maintain a “substantial shareholding” in Yorkshire Water’s parent, the Bradford-based utility said without identifying the sellers. The biggest water and sewer companies in the U.K. are closely held Thames Water Utilities Ltd., United Utilities Group Plc and Severn Trent Plc.