Severn Trent PLC

M&A Activity • Dec 20, 2013

National Storage Mechanism | Additional information

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RNS Number : 0463W

Severn Trent PLC

20 December 2013

20 December 2013

Severn Trent Costain becomes Severn Trent Services

Severn Trent Plc and Costain Group PLC have reached a mutual agreement through which Severn Trent will take full ownership of the total water solutions business that the joint enterprise successfully created.

The business will continue as Severn Trent Services.

In line with Severn Trent's overall strategy of focus on water, the business will continue to operate in the developing market for UK business solutions in water, leveraging Severn Trent's skills and expertise to offer non household customers in the UK a single expert supplier for all of their water and waste water needs, from source to disposal.

Severn Trent Plc chief executive Tony Wray said:  "We are in a position where Severn Trent commands the expertise, commitment and full-service skills to take this business forward for the long term.

We look forward to continuing to work with our customers and future customers to further improve service standards and the economics of their business."

ENDS

Enquiries:

Severn Trent Plc      02477 715 640

John Crosse, Head of Investor Relations

Rob Salmon, Head of Communications

Martha Walsh/Sam Chiene, Tulchan Communications  0207 353 4200

This information is provided by RNS

The company news service from the London Stock Exchange

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