UK: KELDA TO REVEAL STRATEGIC PLAN

Article Abstract:

Kelda is scheduled to reveal plans on 14 June 2000 which would lead to shareholders receiving a GB[pound] 500mn-GB[pound] 1bn payout via the transfer for a mutual business of its core water operations. The parent company of UK-based Yorkshire Water is awaiting clearance for the plan from Ian Byatt, the water industry regulator. Kelda's water assets would be acquired by the mutually owned business, which would subsequently return said assets to shareholders in the form of cash. The move is intended to cut capital costs at Yorkshire Water, which is under pressure from increasing environmental expenditure and new price constraints.

Financial management, Finance

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UK: KELDA NAMES DEPUTY CHIEF EXECUTIVE

Article Abstract:

Kelda named finance director, James Newman, as its deputy chief executive on 16 August 2000. The UK-based utilities group revealed that Mr Newman would oversee the disposal of non-core interests and concentrate on the future of Kelda unit, Yorkshire Water.

New capacity, new plant construction, Executive changes & profiles, Newman, James

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CHILE: THAMES WATER AWARDED CONTRACT

Article Abstract:

The UK water utility, Thames Water, announced 22 September 2000 that it had won an auction for the privatisation of a 42% stake in Essbio, the third biggest water utility in Chile. Essbio has 350,000 customers in the Bio Bio area of the country.

Organizational history, New orders received, Chile, Water Utilities, Mergers, acquisitions and divestments, RWE Thames Water PLC

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