Thames Water Creditors Prepared to Bid Even if Nationalized
Creditors of Thames Water have indicated their willingness to bid for the company, even if the utility is nationalized. This suggests continued interest in the company's future ownership regardless of its operational status.
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Thames Water creditors willing to bid for utility even if it is nationalised
Future of indebted group is potentially expensive issue for the UK’s presumptive next prime minister
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Group of 100 investors still discussing £10bn rescue proposal with officials from regulator Ofwat, says report Business live – latest updates Thames Water’s creditors are willing to pursue their bid for the debt-laden company even if the next likely prime minister, Andy Burnham, brings it into temporary nationalisation. The group of 100 institutional investors, which hold about £14bn of Thames’s senior debt, are still discussing its £10bn rescue proposal for the struggling company with off...
By Julia Kollewe
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