South Staffordshire Water

Water supply only private company in West Midlands. In 2002, Veolia Environnement sold their "31.74% interest in South Staffordshire for 131 million".

In April 2004 a group restructuring meant that South Staffordshire Plc, owners of South Staffs Water and several other related businesses, was listed separately on the stock market, and other group businesses (eg a plumbing and heating subsidiary which operates nationally) grouped under Homeserve Plc.

In autumn 2004 AquaInvest, a vehicle of the First Islamic Bank of Bahrain, made an offer valuing the company at £237m. The company recommended shareholders should accept the offer.

Home country: