REG-United Utilities Grp: United Utilities to sell interest in Manila Water
United Utilities Group PLC
12 November 2009
UNITED UTILITIES SELLS ITS ECONOMIC INTEREST IN
MANILA WATER COMPANY
United Utilities today announces that it has agreed to sell its 11.67 per cent
economic interest in Manila Water Company (MWC) to Ayala Corporation and
Philwater Holdings Company Inc, both existing shareholders of MWC, for a cash
consideration of USD73 million. On completion of the transaction, expected by
the end of 2009, United Utilities will reinvest approximately USD1.2 million in
new preference shares in Philwater Holdings Company Inc.
United Utilities contacts:
Philip Green, Chief Executive +44 (0)1925 237000
Tim Weller, Chief Financial Officer +44 (0)1925 237000
Gaynor Kenyon, Communications Director +44 (0)7753 622282
Darren Jameson, Head of Investor Relations +44 (0)1925 237033
James Bradley / Tom Murray, Tulchan Communications +44 (0) 20 7353 4200
END
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