Thames Water Lenders Offer 'Golden Share' to Avert Nationalisation
Lenders to Thames Water have offered the UK government a 'golden share' in the company in an attempt to avert nationalisation. This proposal comes as the government, under Prime Minister Burnham, seeks greater clarity and potential solutions for the struggling utility.
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Thames Water lenders offer 'golden share' to head off nationalisation
The water supplier's lenders are trying to prevent the company from being taken over by the Burnham government
Read full article →Thames Water lenders to offer ‘golden share’ to UK government
Creditors plan improved offer in bid to avoid nationalisation by new Burnham government
Read full article →Burnham has forced greater clarity at Thames Water. Now he must choose
Bondholders are suddenly showing flexibility after 18 wasted months at ailing utility company Thames Water investors offer ‘golden share’ in bid to head off nationalisation What a difference a credible political threat of special administration at Thames Water can make. Suddenly, the bondholders are volunteering all manner of new ideas in their attempt to take over the ailing utility. Would you like the state to have a “golden share”, Mr Burnham? Here is a menu of “supervisory structures” t...
By Nils Pratley
Read full article →Thames Water lenders consider offering ‘golden share’ to avert nationalisation
London & Valley Water said ‘material improvements’ are being made on its previous £10 billion proposal to appease government concerns over the deal.
By Holly Williams
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