15th Nov 2016 07:00
RELEASE: 15 November 2016
iCON Infrastructure III agrees to buy indirect stake in Bristol Water plc
On 14 November 2016 iCON Infrastructure Partners III, L.P. agreed to acquire a 30% stake in Bristol Water from Suez in a deal which is scheduled to complete on 15 December 2016. The deal will result in iCON indirectly controlling 80% of Bristol Water plc's shares. As was announced on 10 June 2016 Luis Garcia, CEO, will return to the Suez Group and this move will occur on completion of the transaction. The recruitment process for his replacement is well under way and a further announcement in this regard will be made on or prior to completion.
For further information contact: | |||
Mick Axtell, CFO | |||
Bristol Water plc | |||
Tel 0117 953 6470 | |||
Or contact: |
Bristol Water Communications on 0117 953 6470 during office hours or 0117 966 2267 out of hours and ask for the duty press officer. | ||
Related Shares:
Bristol Wtr.8t%