MQG News: Southern Water announces £550mn investment from Macquarie - 8th Jul 2023, 3:55am

[annb0t]

UK utility Southern Water has said its biggest backer will invest £550mn into the business, the latest company to seek additional cash as concerns grow about the sector’s financial health. The slated equity injection from Australian investor Macquarie comes the same day that ratings provider Fitch downgraded the water utility, citing its high interest costs and operational challenges. The announcement is the latest action taken by shareholders in UK water companies, which are struggling ...

>>> Read more: Southern Water announces £550mn investment from Macquarie