Thames Water pulled back from the brink after investors pump in £750-million into company

Thames Water said its investors had agreed to inject £750-million into the company, helping to stave off the threat of nationalization, but Britain’s biggest water utility warned it would need further investment in the years ahead.

“We have £4.4-billion of capital sitting there, we can draw down on that, we’re absolutely not close to that trigger,” she told BBC Radio. It also warned in its statement on Monday that over the 2025-2030 period it would need further equity of around £2.5 billion. The company’s performance has dropped in recent years but its debt levels mean it has little wiggle room to fund the upgrade of its aging infrastructure.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Global dApp industry marches on despite headwinds in Q2 2023Global dApps tracking platform DappRadar published a report recently, revealing fascinating insights into the evolution of the dApp landscape in the second quarter of 2023.
Источник: CryptoAmb - 🏆 22. / 68 Прочитайте больше »