Ashurst is advising Rothschild in relation to the £78.5 million recommended cash offer by Severn Trent Water Limited, a wholly-owned subsidiary of Severn Trent plc, for Dee Valley Group plc, announced today. Dee Valley Water is the licensed water undertaker for Wrexham, Chester and the surrounding areas and has been supplying water to its community for more than 150 years. It supplies drinking water to approximately 125,000 domestic and business customers in northeast Wales and in northwest Cheshire.

Rothschild is acting as financial adviser to Severn Trent in relation to the offer.

The Ashurst team is being led by corporate partner Tom Mercer and finance partner Mark Vickers, assisted by associate Harriet Levett.