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Who owns the Pennon Group?
General Public Ownership The general public holds a 13% stake in PNN. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
What does Pennon Group do?
Pennon is focused on the responsible and sustainable provision of essential utility services and environmental infrastructure. We are focused on providing water and wastewater services in the most efficient and sustainable way possible.
Who now owns viridor?
KKR
Viridor Ltd (from the Latin ‘to become green’) is a recycling, renewable energy and waste management company in the United Kingdom, owned by KKR (previously owned by Pennon Group).
Who is South West water owned by?
Pennon Group Plc
Pennon Group Plc is a company at the top end of the FTSE 250 which owns South West Water Limited and Viridor Limited.
When did Pennon buy Viridor?
8 July 2020
On 8 July 2020 global investment firm KKR completed its £4.2 billion acquisition of waste firm Viridor from Pennon Group.
Why are Pennon shares rising?
Pennon shares rise on special dividend and acquisition Following the divestment of waste management services company Viridor for £4.2 billion in July 2020, Pennon is now a focussed water and waste-water company.
Is Viridor being taken over?
Biffa has completed the acquisition of Viridor’s waste collections business as well as a portfolio of recycling and treatment facilities in a deal worth £126m. The deal was first mooted in May and approved by the Competition & Markets Authority in July.
Is Pennon Group French?
Pennon Group plc is a British water utility company based in Exeter, England. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Why is Pennon selling Viridor?
And it is looking beyond the current crisis, with big plans to invest, in new technology and environmental improvements, and in its workforce, and by using some of the proceeds of its Viridor sale to pay down debt and bolster its pension scheme.
Will Pennon shares rise?
The company plans to return £3.5 billion to shareholders via a special dividend of £3.55 per share as well as buyback up to £400 million of shares up to September 2022. This will be subject to the company using some of the allocation to make acquisitions to boost growth….Risers.
| Company | Price | % Chg |
|---|---|---|
| Reach PLC | 327.00 | 2.99 |
Who owns Biffa waste?
In 1958 Richard Henry Biffa’s grandson, Richard Charles Biffa, joined the business and, after becoming general manager in 1963, grew the business organically and by acquisition. The business was acquired by British Electric Traction in 1971 and by Severn Trent for £212 million in 1991.
Does Pennon own viridor?
On 8 July 2020 global investment firm KKR completed its £4.2 billion acquisition of waste firm Viridor from Pennon Group.
Who are the subsidiaries of Pennon Group plc?
Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited and Bournemouth Water Limited. The Company is engaged in the water and wastewater
How big is the Pennon Group in the UK?
Pennon Group Plc is one of the largest environmental and resource management groups in the UK. We are at the top end of the FTSE 250 and we have assets of around £5.8 billion and a workforce of over 4,500 people Pennon Group’s current market capitalization is £3.9 b.
Where does pennon water get its profits from?
Pennon Group plc is a British water utility company based in Exeter, England. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. 83% of the company’s profits come from its subsidiary, South West Water .
What is the market capitalization of Pennon Group?
Pennon Group’s current market capitalization is £3.9 b. Sep, 2020 Oct, 2020 Nov, 2020 Dec, 2020 Jan, 2021 Feb, 2… Pennon Group has 1.39k Twitter Followers.