A HATFIELD-based water company is remaining tight-lipped over a potential £1bn buy-out by a US investment bank.

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Speculation that Veolia Water Central, based in Hatfield Business Park, could be bought by the private equity arm of Goldman Sachs has been circulating all week.

The French-based Veolia announced last year that it was keen to sell its off its UK water assets, as part of a disposal programme expected to raise the firm 5bn euros.

The deal would see Veolia Water Central, Veolia Water East and Veolia Water South East sold to the successful bidder.

The WHT contacted the company’s Paris headquarters, but the firm declined to comment.

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