EQT Acquires 42% Stake in Yorkshire Water Parent Kelda Holdings

EQT AB, a global investment firm, has agreed to acquire a 42% shareholding in Kelda Holdings Limited, the parent company of Kelda Holdings===Yorkshire Water. Kelda Holdings===Yorkshire Water provides essential water and wastewater services to approximately 5.5 million customers in the Yorkshire region of the United Kingdom. This transaction occurs as the UK water sector embarks on a new phase of investment following regulatory reviews. EQT AB is committed to investing further equity to strengthen Kelda Holdings' balance sheet and support Kelda Holdings===Yorkshire Water's largest ever environmental investment program, totaling £8.3 billion between 2025 and 2030. This program aims to enhance environmental protection, infrastructure resilience, and service quality, while also creating over 1,000 new local jobs. Existing shareholders GIC (sovereign wealth fund) and New South Wales===TCorp will retain 42% and 16% stakes, respectively. The acquisition is subject to anti-trust and other regulatory approvals, with completion expected by the end of June 2026. Key figures like Kunal Koya of EQT AB, Vanda Murray and Nicola Shaw of Kelda Holdings===Yorkshire Water, and Lord Stockwood of the United Kingdom government have welcomed the investment.