Why is Thames Water getting £3bn and will it save it from collapse?
High court ruling means utility will not run out of cash for now, but a temporary nationalisation could still be on wayThames Water wins court backing for £3bn debt packageThames Water has won court approval for up to £3bn in emergency debt that will allow it to avoid collapse – at least in the short-term.The debt package is an important staging post for the utility, which supplies water and sewage services to nearly a quarter of the UK population, as it seeks to repair its finances. Continue reading...
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High court ruling means utility will not run out of cash for now, but a temporary nationalisation could still be on way
Thames Water has won court approval for up to £3bn in emergency debt that will allow it to avoid collapse – at least in the short-term.
The debt package is an important staging post for the utility, which supplies water and sewage services to nearly a quarter of the UK population, as it seeks to repair its finances. Continue reading...
