Sutton and East Surrey Water said its former owner Aqueduct Capital had left it well positioned for the future and it now looked forward to working with Sumitomo Corporation.
Anthony Ferrar managing director of Sutton and East Surrey Water said: “We are delighted to welcome Sumitomo Corporation and are looking forward to working with them to continue to achieve our objectives of delivering high quality water, long-term security and customer service in an efficient manner.”
The deal follows reports last week that the Chinese Beijing Water Authority had bid £300 million for the water company.