Viridor

Pennon ‘not interested’ in minority stake deals

Pennon Group, the parent company of South West and Bournemouth Water, is eyeing outright acquisitions as opposed to taking a stake in another water company as it “narrows down the potential opportunities”. Utility Week speaks to chief executive Susan Davy.

24/11/2020

News

Pennon shareholders give green light to Viridor sale

Pennon shareholders approve the sale of waste management business Viridor to US private equity firm as the company focuses on opportunities in the water and wastewater sector.

28/05/2020

News

Pennon eyes growth for South West after Viridor sale

South West Water's parent company Pennon said it will pursue growth in the water and wastewater sector after completing the sale of its waste management business Viridor. The company will expand its service area to include the Isles of Scilly from 1 April

30/03/2020

News

Pennon agrees £4.2bn Viridor sale

Pennon Group, the parent company of South West Water, has agreed the sale of its waste and recycling business Viridor for £4.2 billion to US private equity firm KKR. It will use the funds to reduce borrowings but will also invest in future opportunities.

18/03/2020

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