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International Business Times

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AFP News

UK's Biggest Water Supplier Plunges Into Deeper Financial Crisis

Thames Water United Kingdom Ofwat Steve Reed

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

Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed Thursday, 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 would "not be provided by Thames Water's shareholders" this month.

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