Affinity Water
Company in Hatfield, United Kingdom / From Wikipedia, the free encyclopedia
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Affinity Water Limited is a UK supplier of drinking water to 3.8 million people in parts of London, eastern and south eastern England.[2] The company is owned by a consortium of Allianz, HICL and DIF Tamblin.[3]
Formerly |
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Company type | Limited company |
Industry | Water industry |
Founded | 1 October 2012 |
Headquarters | Hatfield, Hertfordshire |
Area served | Parts of London, eastern and south eastern England |
Key people | |
Products | Drinking water |
Production output | 948 Ml per day of drinking water (year ended 31 March 2023)[2] |
Services | Water supply |
Revenue |
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Owner | Consortium of Allianz (36.6%), HICL (36.6%) and DIF Tamblin (26.9%)[3] |
Number of employees | 1,460 (31 March 2023)[2] |
Website | affinitywater |
Affinity Water was established through the purchase of Veolia Water's UK water supply operations by Rift Acquisitions, an entity established by Morgan Stanley and M&G Investments, for £1.2 billion on 28 June 2012. The three separate Veolia Water-branded businesses: Veolia Water Central, Veolia Water Southeast and Veolia Water East were brought together as one company, under the Affinity Water brand on 1 October 2012.
Veolia Environment retained a 10% stake in Affinity Water for five years from incorporation, using the proceeds of the disposal to reduce its debt, as part of a €5bn debt-reduction programme announced in December 2011.[4][5]
In May 2017, a consortium of Allianz, HICL and DIF purchased Morgan Stanley and M&G's 90% holding, followed by Veolia's 10% holding.[6]