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International Business Times

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AFP News

Financial Crisis At UK's Biggest Water Supplier Worsens

Thames Water United Kingdom Ofwat

Thames Water is Britain's biggest water supplier (Credit: AFP)

Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable".

Britain's biggest water supplier said in a statement that GBP500 million ($630-million) of new equity will "not be provided by Thames Water's shareholders" this month.

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