Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
The investigation marks the start of an enforcement action that could lead to a fine up to 10% of the turnover of the relevant subsidiary of the Thames Water group, which serves 16 million ...
Oxford Mail on MSN21h
Thames Water’s £3bn loan to stave off collapse despite ‘eye-watering’ termsOxfordshire's water company Thames Water has won approval for a high-cost £3billion loan to save it from collapse, as an ...
Thames Water, which serves 16 million customers in and around London, was seeking court approval for billions of pounds in ...
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