Latest news Most popular Opinion Podcast City Talk. Bats UK Monday 27 April 5: Adam Hignett Adam Hignett is a writer at City A.

YORK WATER 56 share price (37QQ) - London Stock Exchange

The Cold Hiendley Reservoir, located near the now disused Barnsley Canal in Yorkshire. In what would be one of the largest utilities deals in years, Citi is seeking to offload its 30 per cent holding in the company which has seen its value rocket since it bought into the firm in The decision to sell comes after Ofwat chief executive Jason Cox said he was open to consolidation in the sector, leading to speculation there will be a tide of utilities mergers and acquisitions.

Last year the regulator set out a new pricing regime for water companies which tightly controls the prices they are allowed to charge customers between now and The new regulations have increased impetus for the water companies to consolidate as they seek economies of scale.

Citigroup floods market in Yorkshire Water shares as it prepares to sell £2bn stake | City A.M.

Citi acquired its holding in the company as part of a consortium alongside Singaporean sovereign wealth fund GIC, which is believed to be retaining its stake. Investors pile into Citi as US bank slashes costs. Argentina takes Citi to court over US deal.

Citigroup reveals it could plead guilty in Forex investigation. Follow us for breaking news and latest updates: Stay up to date: