2nd Jun 2015 12:49
LONDON (Alliance News) - The European Investment Bank Tuesday said it has agreed to provide a GBP530 million long-term loan to FTSE 100-listed water company Severn Trent PLC to support the company's five-year investment programme.
The loan is one of the largest ever loans agreed between the European Investment Bank and a UK water company. The European Investment Bank has provided more than GBP2 billion for investment in water infrastructure across the Severn Trent region since 1978, said the bank in a statement.
Severn Trent shares were down 1% to 2,187.00 pence per share on Tuesday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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