Hafren Dyfrdwy: Difference between revisions

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{{short description|Water company of England and Wales}}
{{EngvarB|date=February 2017}}
{{Use dmy dates|date=FebruaryNovember 20172020}}
{{Infobox company
| name = Hafren Dyfrdwy
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In 1994, the Wrexham and East Denbighshire Water Company was re-organised into a PLC, known as '''Wrexham Water''', and the new parent company Dee Valley Group was established to act as a holding company to the new company. In 1997, the group purchased Chester Waterworks, and over the next year, combined operations from both entities into Dee Valley Water. In 2002, Dee Valley Group was listed on the London Stock Exchange with the ticker code DVW.<ref>{{LSE|DVW}}</ref>
 
=== '''Montgomeryshire area''' ===
In 1974 the functions of Montgomeryshire Water Board and local authority wastewater functions in [[Montgomeryshire]] became part of Severn Trent Water Authority. Upon privatisation in 1989 these were transferred to the licensed water and sewerage company Severn Trent Water. This area is now part of Powys.
 
===2016 takeover bids===
In October 2016 the board of Dee Valley Water announced that they had agreed a takeover of the company by Ancala Fornia Limited.<ref>[https://www.deevalleywater.co.uk/ancala-fornia-offer/ Title Ancala Fornia Offer]</ref> This offer would have allowed the company to remain as an independent water company. Three weeks later the board announced that they were now recommending a 10% higher offer from [[Severn Trent Water]].<ref>[https://www.deevalleywater.co.uk/severn-tren-water-offer/ Title Severn Trent Water Offer]</ref> Several local MPs expressed concern about the potential impact on jobs and local services arising from the proposed Severn Trent takeover.<ref>[https://web.archive.org/web/20161121234023/http://www.chesterchronicle.co.uk/news/chester-cheshire-news/fears-dee-valley-water-bills-12198850 |Title Fears Dee Valley Water bills may rise and jobs lost if takeover bid is successful]</ref><ref>[http://www.wrexham.com/news/takeover-of-dee-valley-water-by-severn-trent-challenged-122858.html Title Takeover of Dee Valley Water by Severn Trent Challenged by Plaid AM]</ref> Ancala subsequently increased their offer to 1p per share above Severn Trent, and two days later Severn Trent further increased their offer by a further 7.3%.<ref>[https://www.telegraph.co.uk/business/2016/11/23/severn-trent-outbid-dee-valley-water-amid-jobs-row/ Title Severn Trent raises offer for Dee Valley Water in bidding war]</ref> The takeover by Severn Trent was completed in February 2017. <ref>[https://www.bbc.co.uk/news/uk-wales-north-east-wales-38982269 Title Dee Valley Water company £84m takeover deal complete]</ref>
 
==References==