Thames Water may need £10bn investment to repair finances, high court hears

Thames Water may need £10bn investment to repair finances, high court hears

Thames Water, Utilities, Business, Water industry, UK news Business | The Guardian

​Struggling company may require significantly more resources than roughly £6.3bn it previously indicatedThames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn.London’s high court heard evidence on Tuesday that suggested the UK’s largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. Continue reading… 

Struggling company may require significantly more resources than roughly £6.3bn it previously indicated

Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn.

London’s high court heard evidence on Tuesday that suggested the UK’s largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated.

Continue reading… 

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