UU and Severn Trent announced this morning the creation of a JV to combine their non-household retail businesses, subject to regulatory approvals. On the basis of the FY 03/15 accounts, the JV would see (before synergies) sales of £940.2m, gross assets of £200.0m and PBT £9.7m (1.03% of sales). The JV would have a 25% market share including Scotland. A long conference call was held this morning with the participation of prestigious investment banks. Of course, the main quest
01 Mar 2016
A first step in more structural changes of UU’s shareholder equity?
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A first step in more structural changes of UU’s shareholder equity?
United Utilities Group PLC (UU:LON) | 1,029 0 0.0% | Mkt Cap: 7,018m
- Published:
01 Mar 2016 -
Author:
Myriam Cohen -
Pages:
3
UU and Severn Trent announced this morning the creation of a JV to combine their non-household retail businesses, subject to regulatory approvals. On the basis of the FY 03/15 accounts, the JV would see (before synergies) sales of £940.2m, gross assets of £200.0m and PBT £9.7m (1.03% of sales). The JV would have a 25% market share including Scotland. A long conference call was held this morning with the participation of prestigious investment banks. Of course, the main quest