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Pennon snaps up landfill business

13 April 2012

SOUTH West Water group Pennon has extended its rubbish-tip interests. Its Viridor Waste subsidiary is paying £20m to take over Parkwood Holdings, a Sheffield-based landfill concern. Companies such as Pennon have extended into other businesses to lift earnings otherwise limited by water bill price caps. Waste management is seen as a growth area because of new European rules on refuse and recycling.

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