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STRNY / Severn Trent to raise £1 billion as pledges to tackle leaks and spills

Severn Trent PLC (LSE:SVT) moved to bolster its finances unveiling a £1 billion fund raise including a £500 investment from Qatar Investment Authority and a £500m placing. The news came as the water company unveiled plans to invest £12.9 billion between 2025-2030 as part of its business plan for the regulatory period beginning April 1 2025 and ending March 31 2030 as it seeks to cut leakages and sewage spills. Read More

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Posted: Sep 29 2023, 02:52

Author Name: Proactive Investors

STRNY News

By Proactive Investors
September 29, 2023

Severn Trent to raise £1 billion as pledges to tackle leaks and spills

Severn Trent PLC (LSE:SVT) moved to bolster its finances unveiling a £1 billion fund raise including a £500 investment from Qatar Investment Authori

By Proactive Investors
July 19, 2023

Severn Trent remains on track as reservoir levels rise

Severn Trent said financial performance remains on track and that the business is well-placed to deliver progress. The water supplier said it made a s

By Proactive Investors
July 14, 2023

Severn Trent first water utility to update after Thames chaos

Severn Trent Water's first quarter update next week would have been testing enough even before the near collapse of peer Thames Water. Thames looks to

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