Thames Water re-opens consolidation debate
- From: Vol 10, Issue 7 (July 2009)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Ofwat, Thames Water and Veolia Water
Martin Cave's merger recommendations are perhaps the most talked-about aspect of his industry review. Thames Water is using the carrot of customer bill reductions to sow the seeds for future acquisitions.
The debate over the benefits of mergers in the UK water sector looks set to re-open later this year, after the chief executive of Thames Water claimed recently that consolidation of the industry in southeast England could reduce customer bills.
David Owens claimed that if Thames were allowed to take over the water-only companies within its sewerage franchise, the savings ...
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