French water utility Veolia Environnement has announced plans to divest several of its UK assets as part of its restructuring programme.
The €5 billion of assets it will sell include three UK-regulated water companies and its 50 per cent stake in public transport company Transdev.
The three companies are Veolia Water Central, Southeast and East—known until 2009 as Three Valleys Water, Tendring Hundred and Folkestone & Dover. Together, the companies have a combined turnover of £269 million and serve more than three million customers.