Thames Creditors Plan Revised Rescue Deal to Avert State Control
Thames Waterโs senior creditors are preparing to write off more debt and put more money into the utility in a renewed effort to avoid the UK government taking temporary control.
This websiteโs original language is English. For translation, click the globe icon or choose Translate in the menu.
4 matching records found
Thames Waterโs senior creditors are preparing to write off more debt and put more money into the utility in a renewed effort to avoid the UK government taking temporary control.
The Conservative minister who launched privatization of England and Walesโs water industry said he never anticipated companies such as Thames Water becoming so heavily indebted, blaming regulatory failures for the current crisis.
Thames Waterโs senior creditors should be blocked from taking full control over the utility, a group of British lawmakers said Friday.
UK Prime Minister Andy Burnham is keeping radical intervention at Thames Water on the table even as he considers a separate plan to give local mayors a greater role in overseeing the troubled industry.