LONDON, UK: Pennon Group, the owner of South West Water and Viridor, has announced the acquisition of three solar power projects in the UK, as part of its strategy to expand its renewable energy generation and achieve net zero emissions by 2030. The three projects, located in Buckinghamshire, Aberdeenshire and Cumbria, have a combined capacity…
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Pennon Group acquires Bristol Water Holdings UK (group) for £425 million
LONDON, UK: Pennon Group plc has acquired 100% of the issued share capital of Bristol Water Holdings UK Limited and its subsidiaries, including Bristol Water plc, for an equity value of £425 million, and an enterprise value of £814 million including assumed debt. Pennon bought Bristol Water Group from its indirect shareholders: infrastructure funds advised…