Thames Water provides drinking water and waste water services to 15 million customers in London and the southeast of England. The utility, which counts one of Canada’s largest public pension funds among its top investors, has around £14 billion of debt on its balance sheet. News that it needs more money came just a day after CEO Sarah Bentley resigned with immediate effect after three years in the role.
The Universities Superannuation Scheme, a pension fund for the academic staff of UK universities, owns nearly 20%. Other large investors include the Chinese and Abu Dhabi sovereign wealth funds, as well as British Columbia Investment Management Corporation, which invests on behalf of public sector workers. Has privatization failed? UK water companies have racked up debt of more than £60 billion since being privatized three decades ago, according to Ofwat.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Russian ruble briefly reaches 15-month low after Wagner rebellion | CNN BusinessRussia’s currency hit its lowest level in nearly 15 months on Monday after Wagner mercenaries led a short-lived rebellion against the Kremlin over the weekend.
Bron: cnni - 🏆 326. / 59 Lees verder »