3rd May 2016 06:36
LONDON (Alliance News) - The UK Competition & Markets Authority on Tuesday approved the joint venture agreement between Severn Trent PLC and United Utilities Group PLC for their non-household water and waste-water retail businesses.
The blue-chip utilities struck the joint venture agreement in March, with the combined business to primarily comprise of billing and customer service activities and located in Stoke-on-Trent.
The pair said the joint venture will be called Water Plus and is expected deliver synergies to provide an efficient and cost-effective business focused on improved customer services and growth.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Severn TrentUnited Utilities