Thames Water's parent company, Kemble Water Finance, faces potential default on a £190m loan and suspended interest payments on £18bn debt.
Thames Water's parent company Kemble Water Finance, among lenders including Chinese state-owned banks and Dutch bank ING, faces a repayment crisis amid potential default on a £190m loan due on 30 April. Shareholders rejected a £500m investment into the company, and Kemble has suspended interest payments on its £18bn debt. If a default occurs, Chinese state-owned banks could become shareholders of Thames Water.
April 04, 2024
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