South East Water has confirmed a £200m equity injection from its owners was made last month to further strengthen its financial resilience.
The water company said its shareholders have entered into unconditional contracts to subscribe for £200 million of new equity, which will reduce its gearing to below 65%, reinforcing the financial stability of the company.
In a statement, South East Water said:
“This upcoming investment follows a previous £75 million equity injection made in December 2024, underscoring our shareholders’ continued commitment to supporting the financial resilience of South East Water.
“The investment by shareholders in the company does not alter our conclusion, as set out in our Statement of Case presented to the Competition and Markets Authority, that we do not consider that the AMP8 Final Determination provides the right foundations for the long-term investability of the water sector.
“We can confirm that the equity injection was completed on 16 May.”
