Bristol Water provides water only services to a population of c.1.2 million. Remember, if you choose to do nothing, we'll simply apply your 13 credit to your water bill. Published: 07:33 EST, 3 June 2021 | Updated: 11:55 EST, 3 June 2021. If you opt for a share this will be yours until you decide to sell it even if you no longer live in the south west region. The Acquisition is not conditional on any acquisition financing and will not involve any deferred consideration. But in all the excitement, you want to make sure youre not worrying about money issues once youre there. A major utilities company is now in control of Bristol Water after it bought it for hundreds of millions of pounds. We provide over 870 million litres of safe, clean drinking water, to an estimated population of c.3.5million people every day. Questions to ask yourself. Its designed to give you a share in what we do or money off your bill. The CMA has investigated the completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited under the provisions of the Enterprise Act 2002 We are also pleased to be recognising shareholder support through the return of c.1.5 billion to shareholders in the form of a special dividend. Pennon Group plc (Pennon or the Group) is pleased to announce that it has acquired 100% of the issued share capital of Bristol Water Holdings UK Limited and its subsidiaries, including Bristol Water plc (Bristol Water), (together, the Bristol Water Group), from its indirect shareholders: infrastructure funds advised by iCON Infrastructure LLP (80% of the shares); and ITOCHU Corporation (20%) for an equity value of 425 million, and an enterprise value of 8141 million including assumed debt (the Acquisition). Joining us at Pennon Group allows you to work across South West Water, Bristol Water and Bournemouth Water, it offers you the chance to help shape the lifestyle of your community and protect our environment. We also use cookies set by other sites to help us deliver content from their services. Link Asset Services allows you to manage your shares easily and securely online. Pennon Water Services are business water specialists providing water retail services for business customers water management needs. Have we let energy giants make too much profit? Is commercial property a great value investing opportunity? Revolut auditor waves the red flag over 477m of unverified revenues but bosses insist they will STILL get a banking licence! Bristol Water is a regulated water only company supplying drinking water to a population of approximately 1.2 million people in the Bristol region. We are a dedicated team of c.3,000 people, working 24 hours a day, 365 days a year to deliver essential services for our customers. Pennon Group plc (Pennon or the Group) is pleased to announce that it has acquired 100% of the issued share capital of Bristol Water Holdings UK Limited and its subsidiaries, including Bristol Water plc (Bristol Water), (together, the Bristol WaterGroup), from its indirect shareholders: infrastructure funds advised by iCON In addition, the CMA is also considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services. It sources about half of its water from the limestone Mendip Hills, which includes areas like the Cheddar Reservoir and Chew Valley Lake, with the other half coming from the River Severn. Susan Davy, group chief executive at Pennon, said: "The acquisition of Bristol Water brings great people and a great business to Pennon and I am hugely excited about building a future together. You can read the customer guide by clicking on the link on this page. For further information, including the legal and regulatory status of this company, can be found via this web link. } } Tesco has now apologised for the smell, and claimed staff are working on the issue. You have accepted additional cookies. That I believe are extremely important to you and how you carry out your job thing. It has put a further 1.1billion in earnings from the Viridor sale towards lowering its debts and said it would invest another 100million in South West Water in support of its Green Recovery Initiative. Pennon Group plc is a United Kingdom-based environmental infrastructure company. It before you accept - a very experienced international working traveler offers up 15 key questions should! In Pennon's five-year business plans, there's a commitment to sharing its success with customers. The Nominee Service is provided by Link Group which is a trading name of Link Market Services Trustees Limited which is authorised and regulated by the Financial Conduct Authority. Some links in this article may be affiliate links. Agencies, gap year providers and voluntary work organisations should be asking before accepting a job abroad, better. Can always prepare yourself for it could be the deciding factor in accepting a job offer is quite and! These are all very important questions to ask the recruiter! Visit the application portal, run by Link Group, and enter the unique reference number and access code. Questions to Ask About Overseas Teaching Jobs. References to and details of the customer share offer (the Offer) in Pennon Group Plc (Pennon) on this website are an advertisement and not a prospectus for the purposes of the EU Prospectus Regulations. Andwhen theyve finished with it, over 19,000km of sewers take used water and surface water run-off to one of our 653wastewater treatment works where it is treated, tested andsafely returned to the environment. Thats why we live our values across the Group, every day. float: none; WebWe have a 12-month fixed term contract for a part time and full time position to join the Customer Care Advisor team at Bristol Water. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Or by navigating to the user icon in the top right. } Regardless of which option you take, WaterShare+ still gives you a greater say in our business.