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Pennon Group buys Bristol Water for 425 mln pounds, unveils special dividend

June 3 (Reuters) - British water company Pennon Group said on Thursday it had bought smaller peer Bristol Water for 425 million pounds ($601 million).

The South-West Water owner also announced a special dividend of 1.5 billion pounds for shareholders and a share buyback programme worth up to 400 million pounds. ($1 = 0.7066 pounds) (Reporting by Shanima A in Bengaluru; Editing by Ramakrishnan M.)

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