Enel tables Southern Water bid
- From: Vol 2, Issue 5 (May 2001)
- Category: General
- Region: Europe
- Country: Italy
- Related Companies: Acquedotto Pugliese, Enel, Eon, Glas Cymru, Mid Kent Water, Nomura, Scottish Power, Southern Water, Swan Capital Group and WestLB
ITALIAN ELECTRICITY GROUP ENEL has confirmed that it has made a non-binding offer – believed to be worth £800 million (€1.3 billion) – for Southern Water.
Southern distributes potable water to over two million people and treats wastewater from over four million in the counties of Kent, East and West Sussex, Hampshire and the Isle of Wight in the south east of England. Southern Water’s parent company, Scottish Power, has declined to comment.
Southern Water has recently completed a five-year investment programme worth £1 billion ...
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