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.