According to a report in The Financial Times yesterday, Canadian-headquartered Ontario Municipal Employees’ Retirement System (Omers), which owns a third of Thames Water, has significantly reduced the value of its investment in the last year.
One of multiple funds owned by Omers which invest in the water company,the Omers Farmoor Singapore PTE reduced the value of its 20% holding in Thames Water’s parent Kemble company from £979 million to £700 million.
If a similar write-down was replicated across the rest of Thames Water’s investors this could total around £1.4 billion.
On 10th July Thames Water announced that shareholders, including Omers, had agreed to provide Thames Water a further £750 million of equity funding in the remainder of the 2020-25 AMP7 investment period, subject to the satisfaction of certain conditions.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.