Yorkshire Water to merge unit with waste recycling

Yorkshire Water PLC intends to combine its liquid and dry waste management operations with Waste Recycling Group PLC via a share-exchange merger to produce a new company which is worth around 416 million sterling pounds or $672.9 million. This new industry player would post about 100 million sterling pounds in sales per year. Yorkshire Environmental Global Waste Management is worth around 191.4 million sterling pounds based on the merger agreement. The alliance is expected to compete against Suez Lyonnaise des Eaux SA and CGE.