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Severn Trent Plc Biffa Demerger.
4th April 2006
This announcement is an advertisement and not a prospectus and investors should not purchase any shares referred to in this announcement except on the basis of information in the prospectus relating to Biffa plc which is proposed to be published by Biffa plc in due course in connection with the proposed demerger of Biffa plc from the Severn Trent group.
Severn Trent Plc - Biffa Demerger
The Board of Severn Trent Plc announces today that it intends to demerge its UK integrated waste management business, Biffa.
The Board believes that the creation of two separately listed companies, Severn Trent Plc and Biffa Plc, each with dedicated Boards and experienced management teams focused on continued strategic and operational development with access to their own capital will deliver greater benefits to shareholders, customers and employees.
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