First reported by ft.com
Thames Water creditors willing to bid for utility even if it is nationalised
Thames Water creditors signal willingness to bid for company even under nationalisation
By
Julia Kollewe
1d ago· 4 min readenNews
Summary
Thames Water's creditors, a group of 100 institutional investors holding £14bn of senior debt, are willing to pursue a £10bn rescue bid for the struggling utility company even if it is temporarily nationalised under a potential future government led by Andy Burnham. The investors are still in discussions with Ofwat officials, despite Environment Secretary Emma Reynolds objecting to the proposal in mid-June over concerns it would place an 'undue burden' on consumers.
Source
bskyThames Water creditors signal willingness to bid for company even under nationalisationtheguardian.comKey quotes
· 2 pulledThames 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.
Emma Reynolds, the environment secretary, objected to the proposal in mid-June because it would place an 'undue burden' on consumers.
Group of 100 investors still discussing £10bn rescue proposal with officials from regulator Ofwat, says report
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