Kelda Group Limited is a British utility company. It is based in

Bradford Bradford is a city status in the United Kingdom, city in West Yorkshire, England. It became a municipal borough in 1847, received a city charter in 1897 and, since the Local Government Act 1972, 1974 reform, the city status in the United Kingdo ...

England England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It ...

. It was formerly listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on ...

, but was taken private by a group of investors, Saltaire Water, in 2008. Saltaire Water members include CitiBank and HSBC Holdings.

History

Kelda Group, originally known as ''Yorkshire Water plc'', was one of the regional water companies

privatised Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation wh ...

in 1989. It changed to its current name in 1999. In 2000 Kelda purchased the United States water supply business Aquarion and subsequently announced the conditional sale of this asset in February 2006. It was taken private in a £3.04 billion deal in February 2008 by Saltaire Water, a

consortium A consortium () is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a ...

of investment companies including

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

and

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

. Citi sold its infrastructure investments to Corsair Capital in 2015.

Operations

Yorkshire Water Yorkshire Water is a British water supply and treatment utility company servicing West Yorkshire, South Yorkshire, the East Riding of Yorkshire, part of North Lincolnshire, most of North Yorkshire and part of Derbyshire, in England. The company ...

remains its principal UK business. It provides water to 4.5 million people in northern England, mainly within the geographical county of

Yorkshire Yorkshire ( ) is an area of Northern England which was History of Yorkshire, historically a county. Despite no longer being used for administration, Yorkshire retains a strong regional identity. The county was named after its county town, the ...

. It has interests in non-regulated businesses related to its main activity, such as environmental management.

References

External links

Official website
{{Authority control Water companies of England Companies based in Bradford Companies established in 1989 Privately held companies of the United Kingdom