Kelda Group
TypePrivate
IndustryUtility
Founded1989
HeadquartersBradford, England, UK
Key people
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

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

  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.
  4. ^ "Corsair pulls Kelda sale as DWS continues talks". Inframation. 6 March 2019. Retrieved 11 July 2020.