Macquarie Asset Management has agreed to acquire a majority stake in Southern Water’s parent company, Greensands Holdings.
Macquarie Asset Management will invest £1 billion of equity in Southern Water and its group which strengthens our balance sheet enabling us to increase investment in our network and accelerate the transformation plans we have put in place.
This is good news for our customers, the local environment, and the regional economy. This investment ensures we will be able to spend more than £2 billion in the next four years improving the resilience of our existing network to reduce pollution incidents and leakages.
You can read the full press release here which includes a link to the open letter Macquarie Asset Management has written to Ofwat about its intentions and commitments to Southern Water.