On 14 July 2022, KKR entered into definitive agreements with CK Infrastructure Holdings Limited (“CKI”) (HKG: 1038) to acquire a 25% shareholding in Northumbrian Water Group Limited (“NWG”), for approximately £870m. NWG is the owner of Northumbrian Water, one of the top performing monopoly water companies in the UK, with a Regulated Capital Value (“RCV”) of £4.5bn at March 2022. NWG also owns a number of ancillary businesses, including the Kielder Reservoir and water and wastewater PPP contracts in Scotland and Ireland.
The transaction is expected to complete in Autumn 2022, subject to customary merger control and regulatory notification requirements.
