Britain’s biggest water utility is expected to announce on Thursday that its shareholders have agreed to inject £1.5bn into the company to accelerate its turnaround, Sky News learns.
Thames Water is to tap shareholders for £1.5bn of new equity in an effort to accelerate its transformation plan, months after it was hit by the latest in a string of regulatory fines.
That sum will be supplemented by a further £1bn between the end of this year and the end of the current regulatory period in 2025, according to people briefed on Thames Water's plans.
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