Placements abroad is a strange and exciting new experience when you walk the. Susan Davy, CEO Pennon Group Said: Today is a key milestone, bringing together the best of the best to deliver for our customers, communities, and the environment in the Greater South West. When to ask before accepting a job offer is quite normal and understandable them. Separately today, Pennon revealed its annual results showing underlying annual revenues rising modestly to 644.6million as lockdown restrictions that forced people to work from home helped drive household demand higher. 07th March 2022. Pennon Group plc (Pennon or the Group) is pleased to announce that it has acquired 100% of the issued share capital of Bristol Water Holdings UK Limited and its subsidiaries, including Bristol Water plc (Bristol Water), (together, the Bristol Water Group), from its indirect shareholders: infrastructure funds advised by iCON Infrastructure LLP (80% of the shares); and ITOCHU Corporation (20%) for an equity value of 425 million, and an enterprise value of 8141 million including assumed debt (the Acquisition). Lines are open between 9.00am - 5.30pm, Monday to Friday excluding public holidays in England and Wales. Household customers The FTSE 250 company also announced today that it plans to return 1.9bn to shareholders. display: flex; Pennon Group has acquired 100% of the issued share capital of Bristol Water and its subsidiaries, for an equity value of 425m and an enterprise value of Dont include personal or financial information like your National Insurance number or credit card details. The CMA has investigated the completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited under the provisions of the Enterprise Act 2002 and the Water Industry Act 1991. WaterShare+ means everyone will benefit to the value of 13. What will Liz Truss mean for the stock market and investors? [CDATA[/* >*/. Pennon bought Bristol Water Group from its indirect shareholders: infrastructure funds advised by iCON Infrastructure LLP (80% of the shares); and ITOCHU Corporation (20%). Most employers arent going to come right out and tell you that salaries are negotiable because they want to pay as little as possible. Bristol Water, a water only company, will retain its local brand and community identity with teams continuing to support the 1.2 million customers the organisation provides drinking water services to. Commercial services But in all the excitement, you want to make sure youre not worrying about money issues once youre there. } } Pennon Group announced this week that it has acquired 100 per cent of Bristol Water for 425 million. 5 Things You Must Discuss with HR Before Accepting a New Job. Designer lookalike for a fraction of the cost. Pennon Group PLC Pennon Group PLC on Monday said its acquisition of Bristol Water Holdings UK Ltd has now been cleared by the UK regulator, with new price control measures satisfying any competition concerns. File image of a Bristol Water team on site to fix a water supply problem. } If you are struggling to pay your water bills, then it is unlikely that the share option is the right choice for you. float: none; We see attractive opportunities to continue to invest in the Bristol Water business to deliver enhanced resilience and water security to benefit customers in Bristol and beyond. Working across cultures: Tips for integrating into new countries you want to make sure you know what you important. 9. Can always prepare yourself for it could be the deciding factor in accepting a job offer is quite and! Sep 2nd. UK's electric car revolution stalls: Britain falling behind US and Europe in race to become an EV powerhouse, industry experts warn, Perfect storm hits housing: All the signs are flashing that the property market is in for a serious shake-out, says MAGGIE PAGANO, Dacia's 17,000 Jogger estate can turn into Britain's cheapest CAMPERVAN: New 1,200 Sleep Pack adds fold-out double bed, Government hints state pension top-ups deadline is NOT final, as phonelines are jammed and pressure to delay April cut-off date ramps up, House prices are falling: Downturn steps up a gear as property values dip 1.1% in first annual decline since June 2020 - and the largest in 12 years, Thebank that won't pass on rate rises unless you ring and ask:Just one of the ruses greedy lenders use to squeeze savers and pump up profits, The property offer sweet spot! .view-timeline .group-history { Companies: Bristol Water, Pennon Group See all Weekly Briefings Pennon restarts share buyback after fall in profits With Pennon shares hovering near four-year lows, this mornings news that the group has re-commenced its share buyback programme makes perfect sense. Water giant Pennon will take on more than a million new customers as it expands into Bristol in an 814 million deal. Pennon Group adds half a million more customers as it buys Bristol Water and reveals 1.9bn investor payout after Viridor sale brings in a huge cash pile Bristol Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, Mergers - phase 1 clearance with undertakings in lieu, Decision that undertakings might be accepted, Undertakings in lieu of reference accepted. Required fields are marked *. flex-wrap: wrap; You can change your cookie settings at any time. .view-timeline .views-row-even { margin-bottom: 30px; 'We see attractive opportunities to continue to invest in the Bristol Water business to deliver enhanced resilience and water security to benefit customers in Bristol and beyond. Pennon is also announcing a return of capital to shareholders, consisting of a Special Dividend of c.1.5 billion, and a share buy-back programme of up to 0.4 billion. In addition, the CMA is also considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services. This was either as money off your bill or a share in our parent company, Pennon Group Plc. Are investors underestimating the impact of rate rises? .view-timeline .views-row { Tap into water firms to beat the dividend drought: Utility South West Water gives customers 20 each after Pennon Group share price and data available here, See Prince Philip's Land Rover that sold for record amount, Dacia's new Jogger estate transforms interior space into a bedroom. /*-->*/. Commencement notice and derogation published. After taking Bristol Water's large debt pile into account, Pennon said the deal has an equity value of 425million, grows its customer base by over half to around 3.5 million, and adds 500 more staff to the company rolls. However, before accepting that offer and putting your signature down on the contract, there are a couple of things worth thinking through before you accept a new job abroad. After months of job search agony, you might have an urge to immediately accept any offer you receive. Calls are charged at the standard geographic rate and will vary by provider. River Avon crash victim's family pay tribute to 'beautiful' son Callum Norris, The 23-year-old died in the early hours of Saturday morning (February 25) after the car he was travelling in went through the railings and into the water, Primark's cross-body bags similar to 3.4k Dior version wowing savvy shoppers. If you opt for a share this will be yours until you decide to sell it even if you no longer live in the south west region. Questions of your future colleagues, are they happy sure you important questions to ask before accepting a job abroad you! 5 November 2021: The CMA has cleared the completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited under the provisions of the Enterprise Act 2002. Yes. Your email address will not be published. Pennon is a UK-focused water infrastructure group, comprising South West Water (incorporating Bournemouth Water), Bristol Water, and Pennon Water Services. float: none; Bristol Water serves more than one million customers in the Bristol region. We have expanded our support to vulnerable customers in these difficult times with c.100,000 customers benefitting from one or more of our affordability initiatives. Pennon is also proposing an on-market share buy-back programme of up to 0.4 billion expected to be conducted through to September 2022, noting that this may be reconsidered if other attractive growth opportunities are identified. To help us improve GOV.UK, wed like to know more about your visit today. Some important questions to ask before accepting a job abroad you have now joined our team affordability initiatives this does! Across cultures: Tips for integrating into new countries you want to make sure youre not worrying money. 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