On 10 January 2024, Pennon Group—an LSE-listed company active in the English water & wastewater utility and retail markets—announced it had completed the 100% acquisition of Sutton and East Surrey Water (SES) and other ancillary businesses for £89 million (US$113.3 million) from Sumitomo Corporation and Osaka Gas. The deal, subject to a competition authority review, values SES at £380 million (US$483.7 million).