Thames Water Lenders Prepare Legal Challenge Against Potential Nationalization
Lenders to Thames Water are reportedly preparing a legal challenge in anticipation of a potential nationalization of the utility company. This move comes amid concerns over the company's financial stability and the possibility of government intervention.
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Thames Water lenders preparing legal challenge in event of Burnham nationalisation
The BBC understands creditors would would pursue payment in full of the outstanding debts, in the multi-billions of pounds.
Read full article →Thames Water creditors prepare for legal fight over possible nationalisation
Investors say they will work with Andy Burnham but hire litigation specialists amid reports the firm could enter temporary public ownership The group of investors pursuing a rescue bid for Thames Water have said they are willing to discuss greater public control, but are also preparing for a potential multi-billion pound legal battle amid reports Andy Burnham could temporarily nationalise Britain’s biggest water company. London & Valley Water (L&VW), a consortium of 100 institutional investor...
By Mark Sweney
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