Severn Trent, the water company focused on the Midlands and mid-Wales, has unveiled plans to sell its Analytical Services business.
The firm said the business has over recent months become smaller and predominantly commercial-customer focused.
It is anticipated that the sale will address a number of commitments that Severn Trent has made to Ofwat in relation to the pricing of certain contracts at the business.
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No other information was given.
The news prompted the share price to fall 0.56% to 1,718p by 10:48.
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