South West Water seeks £550m from investors for upgrade plan
Summarised from 2 outlets · 3 reports · Updated 7 Oct, 08:07 · Archive
South West Water's parent company is raising £550m from investors to support a £1bn investment overhaul.
South West Water's parent company is raising £550m from investors through a rights issue. Chief executive Keith Haslett said the fundraising would help support plans for around an extra £1 billion of investment as part of an overhaul of the embattled water company.
How it is being reported
- South West Water owner asks investors for £550m after record sewage fineThe firm recently received a record-breaking fine for environmental offences relating to pollution incidents in Devon and CornwallThe Independent · 7 Oct, 09:34
- Embattled South West Water owner taps investors for £550m amid overhaul planThe rights issue would help support plans for around an extra £1 billion of investment, chief executive Keith Haslett said.Independent Business · 7 Oct, 07:42
- Embattled South West Water owner taps investors for £550m amid overhaul planThe rights issue would help support plans for around an extra £1 billion of investment, chief executive Keith Haslett said.Evening Standard · 7 Oct, 07:42
In this story: South West Water · Keith Haslett
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