(Il Sole 24 Ore Radiocor) - Milano, 17 giu - The UK water company Yorkshire Water said that the Swedish investment firm EQT has completed the acquisition of a 42% shareholding in its parent company, Kelda Holdings Limited.

"EQT will work in partnership with its co-shareholders, GIC and TCorp, and with Yorkshire Water's management team to deliver sustainable operational improvements for the benefit of customers and the environment," the water company said.

Yorkshire Water noted that it is currently undertaking its largest ever environmental investment programme, with a total of 8.3 billion pounds dedicated to improving services and upgrading infrastructure throughout the Yorkshire region between 2025 and 2030.

"In light of the significant investment programme ahead and the new ownership arrangements, Yorkshire Water has undertaken a review of its board," it added.

Vanda Murray, who has chaired the company since September 2021, will stand down at the end of September 2026.

Independent non-executive directors Wendy Barnes and Nicola Medalova will stand down at the end of June 2026, and Andrew Wyllie at the end of his full term in August 2026.

Andrew Merrick and Furqan Alamgir will remain on the Yorkshire Water board. New appointments to the board, including the role of chair, have been identified and will be announced in due course, it added.

In addition, Kunal Koya will now join the Yorkshire Water board for EQT with Ray O'Toole and Isabelle Caumette, who both represented DWS, leaving the board now the EQT transaction is complete. Simon Beer, who has represented TCorp, is leaving and his replacement will be announced in.

due course.

(RADIOCOR) 17-06-26 09:49:23 (0212) 5 NNNN