London | Macquarie Group will pump an extra £550 million ($1 billion) into its British water utility Southern Water, as the country’s debt-heavy utilities sector struggles with rising costs and increasing political pressure to overhaul its infrastructure.
The equity injection, which may also involve other shareholders, will bump up the total Macquarie-led investment in Southern Water to almost £1.7 billion.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
