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Southern Water owner Macquarie invests further £550m

Australian investment bank funds troubled UK utility’s overhaul of pipes and sewage works

The Australian investment bank Macquarie has confirmed it will inject a further £550m into the UK’s Southern Water in an attempt to turn around the troubled company.

The funds are intended to help Southern Water, which supplies Kent, Sussex, Hampshire and the Isle of Wight, to overhaul its leaky pipes and faulty sewage works.

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