StockMarketWire.com - Severn Trent has confirmed the the sale of its North American business (Operating Services, US) to US investors PPC Enterprises LLC and Alston Capital Partners LLC.

The sale valued the business at $62m. Proceeds would be used for general corporate purposes.

Severn Trent's North American business operated and managed water and wastewater systems, and provided management services to municipalities and local communities.

It operated in all aspects of the water and wastewater process including treatment, networks and customer service.





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