Thames Water, Water industry, Business, Utilities Business | The Guardian
Court case points to sizeable fees being racked up as firm seeks £3bn loan in bid to avoid temporary nationalisationSewage floating down Britain’s rivers has become a pungent political symbol. But a recent court case over Thames Water’s debts was not concerned with the flow of water and effluent so much as the flow of money.Thames Water stands out amid the turmoil of the privatised water industry in England and Wales. Loaded up with about £19bn in debt, the company sought court approval to borrow as much as £3bn more from a group of existing creditors in a desperate attempt to avoid temporary nationalisation at the end of March. Continue reading…
Court case points to sizeable fees being racked up as firm seeks £3bn loan in bid to avoid temporary nationalisation
Sewage floating down Britain’s rivers has become a pungent political symbol. But a recent court case over Thames Water’s debts was not concerned with the flow of water and effluent so much as the flow of money.
Thames Water stands out amid the turmoil of the privatised water industry in England and Wales. Loaded up with about £19bn in debt, the company sought court approval to borrow as much as £3bn more from a group of existing creditors in a desperate attempt to avoid temporary nationalisation at the end of March.
