OMERS PENSION IS THE SHAREHOLDER

Thames Water secures £750 million cash injection from shareholders
By Peter Davison
10 July 2023

Thames Water workers using high pressure water jets to clear a blockage

Thames Water has secured £750 million from its shareholders as it fights to fight off nationalisation.

The news came in an announcement to the London Stock Exchange today (Monday). The company said it aims to raise a further £2.5 billion between 2025 and 2030.

Read more: Government prepares for possible collapse of Thames Water

Thames Water's future came under the spotlight in June when its chief executive Sarah Bentley unexpectedly stepped down after just two years in the role.

There was speculation that the Reading-headquartered utilities giant – which serves 15 million customers in Swindon & Wiltshire, Berkshire, Oxfordshire, Gloucestershire, and in London – could be taken into temporary nationalisation if it could not service its £14 billion debts.

In annual results published today, the firm reported an underlying pre-tax loss of £82.6m for the year to 31 March.

https://financialpost.com/fp-finance/omers-bci-risk-reputation-hit-from-thames-water-investments

OMERS, BCI risk reputation hit from Thames Water investments 

4 days ago ... The Ontario Municipal Employees Retirement System (OMERS) and British Columbia Investment Management Corporation (BCI) own 31.8 per cent and and ...

https://community.ionanalytics.com/omers-in-talks-with-lps-about-thames-water-rescue

OMERS in talks with LPs about Thames Water rescue 

3 days ago ... As well as owning a direct stake in Thames Water, the Canadian pension fund also manages stakes in the water company owned by several large ...

https://www.bbc.com/news/business-66079676

Big Thames Water investor backs turnaround plans - BBC News 

Jul 2, 2023 ... Thames Water is a private company, owned by a group of investors, with the largest being the Canadian pension fund, OMERS, with 31.8%.

https://www.omersinfrastructure.com/portfolios/thames-water

Thames Water - OMERS Infrastructure 

Thames Water is the largest provider of water and wastewater services in the U.K., serving approximately 10 million water customers and 15 million ...