Sept 29 (Reuters) – British water company Severn Trent (SVT.L) is raising 1 billion pounds ($1.2 billion) in new equity to help finance an investment drive to reduce the release of untreated sewage into rivers and cut leaks from its network of pipes.
The performance of Britain’s water companies has become a hot political issue as customers and government have condemned their record of piling up debt and permitting shareholders and executives…