Tavistock advises on Dee Valley Group takeover

Tavistock was recently appointed by Dee Valley Group plc, the holding company of Dee Valley Water, to advise on its £84m takeover by Severn Trent plc, which became effective on 15 February.


Dee Valley

The acquisition was structured as a Scheme of Arrangement, which resulted in action to prevent the takeover by local groups in North Wales.

Jos Simson, joint CEO at Tavistock, said: “The Dee Valley Group takeover process saw a first of its kind situation arising from a small group of local shareholders that voted down part of the Scheme of Arrangement.

“This action called into question a routinely used takeover method that resulted in the bid being brought before the High Court. Inevitably, this piqued national and regional media interest and we were pleased to advise the Board on its communications throughout the process in what was a complex and multi-stakeholder engagement.”

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