Shareholders in UK-based water company Thames Water have agreed to provide a further £750 million (€881 million) in funding as the company attempts to fight the threat of a government takeover.
Thames also said it would be looking for an extra £2.5 billion (€2.9 billion) between 2025 and 2030.
The water firm has faced criticism over sewage discharges and leaks and is struggling under a mountain of debt.
The government has said it is ready to act in a worst case scenario if the company collapses.
Thames Water's future came under the spotlight last month when it emerged it was in talks to secure extra funding, and the firm's chief executive Sarah Bentley stepped down after just two years.
There was speculation that if Thames - which has debts of around £14 billion (€16.4 billion) - failed to secure fresh funds it could be temporarily taken over by the government until a new buyer is found, in a special administration regime (SAR).
However, the new interim joint chief executive of Thames, Cathryn Ross, told the BBC's Today programme the company was “absolutely not” close to requiring government intervention.
Funding boost for debt-laden Thames Water
