Thames Water creditors ‘will bid for company even if it is nationalised’
by Julia Kollewe from on (#76TEC)
Group of 100 investors still discussing 10bn rescue proposal with officials from regulator Ofwat, says report
Thames Water's creditors are willing to pursue their bid for the debt-laden company even if the probable next 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 a 10bn rescue proposal for the struggling company with officials from the regulator Ofwat, and they have held meetings in recent days.
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