Yorkshire Water receives fresh funding despite sewage fines and pay row
by Alex Daniel from on (#743Q4)
Private equity group EQT to take 42% stake as supplier faces scrutiny over environmental record and CEO's pay
A leading European investor will pump fresh funding into Yorkshire Water including helping to cover a 600m loan, despite recent heavy sewage fines and a scandal over executive pay at the utility company.
EQT, a Swedish private equity group, said on Monday it would take a 42% stake in Kelda Holdings, the Jersey-registered parent company of Yorkshire Water, which has 5.7 million customers across Yorkshire and parts of the East Midlands and Lincolnshire.
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