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.
 | |
| Formerly | |
|---|---|
| Company type | Private |
| Industry | Utility |
| Founded | April 1, 1989 |
| Headquarters | Bradford, England, UK[1] |
Key people | |
| Revenue | £878.9 million (2007) |
| £338.2 million (2007) | |
| £151.3 million (2007) | |
| Owner | Saltaire Water |
Number of employees | 3,843 (2007) |
| Subsidiaries |
|
| Website | keldagroup |
History
editKelda 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
editYorkshire 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
edit- ^ a b c "Kelda Group Limited overview - Find and update company information - GOV.UK". Companies House. 1 April 1989. Retrieved 18 February 2024.
- ^ "The Kelda Holdings Board - Kelda Group". Kelda Group. Retrieved 18 February 2024.
- ^ "Yorkshire Water - FY23 Results Presentation" (PDF). Kelda Group. 18 July 2023. Retrieved 18 February 2024.
- ^ a b c "Company History". Kelda Group. Retrieved 13 May 2013.
- ^ "Kelda Group PLC (UK): Scheme of Arrangement". FTSE Group. 4 February 2008. Archived from the original on 16 May 2011. Retrieved 18 February 2008.
- ^ 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.
- ^ "Corsair pulls Kelda sale as DWS continues talks". Inframation. 6 March 2019. Retrieved 11 July 2020.