Pennon Group has acquired SES Water at a total enterprise value of £380 million
LONDON, UK: Pennon Group plc has acquired 100% of the issued capital of Sumisho Osaka Gas Water UK Limited (SOGWUK), the holding company of Sutton and East Surrey Water plc (SES Water) and certain other ancillary businesses, for £89 million from Sumitomo Corporation and Osaka Gas, with a total enterprise value of £380 million. Pennon…