Macquarie wades back into UK with majority stake in Southern Water

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Macquarie wades back into UK with majority stake in Southern Water
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  • 📰 The Guardian
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Australian investment bank left Thames Water saddled with debt when it sold up in 2017

Headquarters of Australia’s Macquarie Group in Sydney.The Australian investment bank Macquarie has returned to the UK water industry – four and a half years after leaving ThamesThe infrastructure investor promised to put the utility firm “back on a stable footing” after it was fined a record £90m last month forAn investigation found that Southern Water deliberately poured the sewage into the sea to avoid financial penalties and the cost of upgrading and maintaining infrastructure.

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