Macquarie wades back into UK with majority stake in Southern Water
by Jillian Ambrose Energy correspondent from on (#5N438)
Australian investment bank left Thames Water saddled with debt when it sold up in 2017
The Australian investment bank Macquarie has returned to the UK water industry - four and a half years after leaving Thames Water saddled with debt - buying a majority stake in Southern Water for more than 1bn.
The infrastructure investor promised to put the utility firm back on a stable footing" after it was fined a record 90m last month for dumping billions of litres of raw sewage off the north Kent and Hampshire coasts.
Continue reading...