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Kelda Group

From Wikipedia, the free encyclopedia

Kelda Group Limited
Formerly
  • Yorkshire Water plc (1989–1999)[1]
  • Kelda Group plc (1999–2008)[1]
Company typePrivate
IndustryUtility
FoundedApril 1, 1989; 35 years ago (1989-04-01)
HeadquartersBradford, England, UK[1]
Key people
  • Vanda Murray (Chair)[2]
  • Nicola Shaw (CEO) Edit this on Wikidata[3]
Revenue£878.9 million (2007)
£338.2 million (2007)
£151.3 million (2007)
OwnerSaltaire Water
Number of employees
3,843 (2007)
Subsidiaries
Websitekeldagroup.com

Kelda Group Limited 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

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Kelda Group, originally known as Yorkshire Water plc, was one of the regional water companies privatised in 1989.[4] It changed to its current name in 1999.[4] In 2000 Kelda purchased the United States water supply business Aquarion and subsequently announced the conditional sale of this asset in February 2006.[4] It was taken private in a £3.04 billion deal in February 2008 by Saltaire Water,[5] a consortium of investment companies including Citigroup and HSBC.[6] Citi sold its infrastructure investments to Corsair Capital in 2015.[7]

Operations

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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

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  1. ^ a b c "Kelda Group Limited overview - Find and update company information - GOV.UK". Companies House. 1 April 1989. Retrieved 18 February 2024.
  2. ^ "The Kelda Holdings Board - Kelda Group". Kelda Group. Retrieved 18 February 2024.
  3. ^ "Yorkshire Water - FY23 Results Presentation" (PDF). Kelda Group. 18 July 2023. Retrieved 18 February 2024.
  4. ^ a b c "Company History". Kelda Group. Retrieved 13 May 2013.
  5. ^ "Kelda Group PLC (UK): Scheme of Arrangement". FTSE Group. 4 February 2008. Archived from the original on 16 May 2011. Retrieved 18 February 2008.
  6. ^ 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.
  7. ^ "Corsair pulls Kelda sale as DWS continues talks". Inframation. 6 March 2019. Retrieved 11 July 2020.
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