SALES
- From: Vol 7, Issue 10 (October 2006)
- Category: Need to know
- Region: Europe
- Country: United Kingdom and United States
- Related Companies: Biffa, Cleanaway UK, HIG Capital, Severn Trent, TestAmerica Holdings and Veolia
* One of the UK water companies that has been stripping back its portfolio to focus on its water interest is Severn Trent.
The separate listing of its Biffa waste subsidiary on 9 October was preceded two weeks earlier by the sale of its US testing laboratories for £85 million. The testing business, Severn Trent Laboratories, was not easy to sell. The company is expected to book a £31 million loss on the transaction. The US analytical labs business is highly fragmented, with ...
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