Britain's biggest water supplier Thames Water said it was aiming to secure new equity in the coming months and was putting on hold its regulatory appeal over future prices given the nature of talks related to the recapitalisation.

Thames Water said the U.K. Court of Appeal has upheld its restructuring plan, which enables it to take on additional debt after it was challenged by campaigners. Thames Water said Monday that the appeals court upheld the ruling that sanctioned its restructuring plan and the extension of its liquidity runway,