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(Reuters) - British water utility Severn Trent Plc (SVT.L) on Monday said it would sell its North American unit for $62 million to focus on its core UK business. The company, which supplies water across the UKs Midlands, said the unit would be sold to private equity firms PPC enterprises LLC and Alston Capital Partners LLC. The unit would be reported as a discontinued operation in the companys half-year results, it said in a statement. (Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Amrutha Gayathri) View comments
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