First reported by ft.com
Thames Water creditors willing to bid for utility even if it is nationalised
Thames Water creditors ‘will bid for company even if it is nationalised’
By
Julia Kollewe
1d agoen
Source
The GuardianThames Water creditors ‘will bid for company even if it is nationalised’theguardian.comGroup 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 officials from the regulator Ofwat, and they have held meetings in recent days. Continue reading...
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