Thames Water, Law, Business, UK news, Utilities, Corporate governance Business | The Guardian
Four-day hearing to rule on whether to grant in emergency funds to water utility which says it may run out of cash by MarchBusiness live – all the updates throughout the dayThames Water will seek court approval for up to £3bn in emergency funding which could stave off temporary nationalisation at a court hearing in London.A high court judge will hear from Britain’s biggest water supplier and groups of rival creditors on Monday before deciding whether to approve the rescue. Without the debt lifeline, Thames Water has said it could run out of cash by March. Continue reading…
Four-day hearing to rule on whether to grant in emergency funds to water utility which says it may run out of cash by March
Thames Water will seek court approval for up to £3bn in emergency funding which could stave off temporary nationalisation at a court hearing in London.
A high court judge will hear from Britain’s biggest water supplier and groups of rival creditors on Monday before deciding whether to approve the rescue. Without the debt lifeline, Thames Water has said it could run out of cash by March.
