US Edition£200 million pound injection into South East Water - Water Magazine
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£200 million pound injection into South East Water - Water Magazine
South East Water has confirmed a £200m equity injection from its owners was made last month to further strengthen its financial resilience. The water company said its shareholders have entered into unconditional contracts to subscribe for £200 million of new equity, which will reduce its gearing to below 65%, reinforcing the financial stability of the company. In a statement, South East Water said: “This upcoming investment follows a previous £7…
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