aS&P Global Ratings has removed its CreditWatch negative on the 'BBB-' ratings on the debt issued by Southern Water (Finance) PLC, Southern Water’s financing vehicle, and assigned a negative outlook to the rating.
Southern Water has this morning welcomed an announcement that funds managed by Macquarie Asset Management have agreed to invest an additional £550 million of equity into the Southern Water group.
Macquarie Asset Management, on behalf of its institutional clients, has finalised a £120 million debt investment in the holding company of Anglian Water in the United Kingdom.
Macquarie Asset Management, on behalf of its long-term investors including pension funds and insurance companies, has today announced it has agreed to acquire a majority stake in Southern Water and will invest over £1 billion in new equity to recapitalise the business.
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.
“SAS (Surplus Activated Sludge) is a bit weird and can do odd things,” says Stuart Chatten, Lead Bioresources Technician at Whitlingham Water Recycling Centre (WRC), one of Anglian Water’s principal centres for processing sewage, serving a population of 400,000.
Owen Mace has taken over as Director of the British Plastics Federation (BPF) Plastic Pipes Group on the retirement of Caroline Ayres. He was previously Standards and Technical Manager for the group.
PureTec Separations, the Ledbury-based water treatment engineering firm, has appointed Dan Norman as its new Sales Manager – Water Process Systems, supporting the company’s continued growth in the UK and international markets.