If you move to a new home after you have registered your choice during the registration period, then dont worry. [CDATA[/* >*/. Pennon also announced that shareholders would be awarded 1.9billion in payouts, with 1.5billion coming in the form of special dividends and the remaining 400million through a share buyback scheme. The Strategic Review considered a range of factors including earnings accretion, value creation from the impact on shareholder returns (both income and growth) and the impact on customers and other stakeholders. Launch of consultation on undertakings offered. The share scheme is online only - customers need to provide an email address and bank account details. .view-timeline .views-row { Full text decisions for merger clearance and acceptance of undertakings in lieu published. We know its not only what we do, but how we do it that matters to our customers and communities and to ourselves. Please note, nothing in this letter should be taken as a recommendation to take any particular action. } '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. float: none; Pennon Water Services are business water specialists providing water retail services for business customers water management needs. June 3 (Reuters) - British water company Pennon has bought smaller rival Bristol Water for 425 million pounds ($601 million) to help to expand its South West Water business. 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). Search the site Phase 1 clearance decision announced and variation order published. Jun 4th. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. margin-left: auto; Undertakings in lieu of reference accepted. Please note that the value of shares and any income derived from them can either decrease or increase, and you may not get back your original investment. Ask and when to ask some important questions to ask before accepting a new job Teach English abroad: Traveling. Calls from outside the United Kingdom will be charged at the applicable international rate. 27 October 2021: The CMA announced the launch of its merger inquiry under the Water Industry Act 1991 by notice to the parties. Can always prepare yourself for it could be the deciding factor in accepting a job offer is quite and! Pennon Group Plc is pleased to announce that South West Water has launched its unique customer scheme, WaterShare+. Pennon Water Services are business water specialists providing water retail services for business customers water management needs. Water giant Pennon will take on more than a million new customers as it expands into Bristol in an 814 million deal. It has now agreed to purchase the 175-year old Bristol Waterfrom its owners, the multinational asset management firm iCON Infrastructure and Itochu, one of Japan's largest corporations. 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