Thames Water's shareholders, including USS, refuse £500m investment, prompting talks with Ofwat for more affordable regulations.
Thames Water's shareholders, including the Universities Superannuation Scheme (USS), China's sovereign wealth fund, a Canadian pension fund, and the BT Pension Scheme, have refused to provide £500m to the utility giant to help it navigate financial difficulties. The company is now in talks with Ofwat, the industry regulator, to secure more affordable and deliverable regulations that could attract new or existing shareholders for investment.
March 27, 2024
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