United Utilities Group PLC
10 November 2010
UNITED UTILITIES COMPLETES ITS NON-REGULATED
DISPOSAL PROGRAMME
United Utilities today announces that it has completed its non-regulated
disposal programme*. As outlined previously, the various sales have achieved a
total enterprise value of approximately £600 million. United Utilities has
taken the decision to retain its 35.3% holding in AS Tallinna Vesi.
United Utilities intends to retain the sale proceeds within the group.
United Utilities contacts:
Gaynor Kenyon, Communications Director +44 (0)7753 622282
Darren Jameson, Head of Investor Relations +44 (0)1925 237033
James Bradley / Tom Murray, Tulchan Communications +44 (0) 20 7353 4200
Notes
*The non-regulated businesses sold by the group include its:
* 15% investment in Northern Gas Networks Holdings Limited;
* 11.67% economic interest in Manila Water Company;
* 100% owned subsidiary United Utilities Australia Pty Limited and related
entities;
* 77.1% holding in Sofiyska Voda AD in Bulgaria;
* 33.2% holding in Aqua Spolka Akcyjna in Poland;
* stake in the 2010-15 capital management contract with Southern Water;
* stake in the capital delivery contract with Southern Water to manage the
design and build of a new wastewater treatment works in the Brighton and
Hove area;
* UK industrial solutions business;
* three Scottish private finance initiatives (33.33% of Catchment Moray
Holdings Limited, 33.33% of Catchment Tay Holdings Limited and 50.0% of
Catchment Highland Holdings Limited) and associated operations contracts;
* 50% holding in its non-regulated gas and electricity meter ownership
business, Meter Fit;
* electricity operations and maintenance business in the North West of
England;
* operations, maintenance and capital management contract with Northern Gas
Networks;
* gas and electricity metering installation contract with British Gas
Trading; and
* Derbyshire municipal solid waste (MSW) preferred bidder position and other
MSW related interests.
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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