Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
An alternative plan to restructure Thames Water cannot be put to creditors for approval, a High Court judge has ruled.
Thames Water, Britain's biggest water supplier with 16 million customers, secured a 3 billion pound debt lifeline on Tuesday, ...
Asset manager KKR (NYSE:KKR) has offered nearly £4B (~$5B) for a majority stake in struggling U.K. utility Thames Water in a ...
A judge has approved an emergency plan to keep Britain’s largest water company afloat and averted a possible temporary ...
British water regulator Ofwat said on Tuesday six water utilities have appealed its pricing regime, highlighting the tension ...
Thames Water granted £3 billion reprieve by judge weeks before running out of money - Restructuring plan allows struggling ...
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