Northumbrian and Anglian will look at bids for Wave but are not actively looking to sell

Northumbrian Water Group and Anglian Water Group have said they are not proactively seeking a buyer for business retail arm Wave, following reports that a sale is on the cards.

In a joint statement, the two companies clarified that while they will consider approaches for the business, they are not actively looking to sell: “As shareholders of a successful business, from time to time we get approaches from interested parties seeking to buy a stake in Wave, and we consider these offers alongside other opportunities for the continued growth and success of the business.”

Wave commented: “Over the last week the water industry has been in the spotlight, following the news of Thames Water and the financial stability of several wholesalers. We firmly believe this current interest in the industry has led to the recent story regarding the sale of Wave.”