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Infraread Issue 12 | UK 24 Oct 2018 The global infrastructure industry: following Darwin or the ostrich

A recent article in the Financial Times made great play of the fact that the total amount invested in new water infrastructure in the UK since privatisation - largely funded by borrowing - was broadly the same as the aggregate dividends paid to water company shareholders over the same period.  In other words, the article argued, a publicly-owned water industry could have invested the same amount debt-free, and burdening the industry with high leverage was principally a means of extracting large dividends for the shareholders.

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InfraRead Issue 11 | UK

"Lies, damned lies"... and facts

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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying it to specific issues or transactions.

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