Macquarie Group's management of Thames Water led to excessive debt, threatening UK's water industry stability.
Macquarie Group's management of Thames Water led to the UK's largest water company taking on excessive debt, now threatening the water industry's stability. Macquarie made £930m by selling a 48% stake in Thames Water before 2018, but the stake is now considered worthless. Thames Water has £14.7bn debt, no dividends since 2017, and faces a potential 56% increase in water bills by 2030, causing a political issue in the UK.
June 27, 2024
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