Thames Water seeks investors for a £1.5 billion plan to stabilize amid £15 billion debt issues.

Thames Water, the UK's largest water provider, is seeking additional investors to support a £1.5 billion funding plan aimed at stabilizing the company until October 2025. A creditor group, including major firms like BlackRock and M&G, has already backed the initiative but is urging more firms to participate. The company, facing over £15 billion in debt and criticism over pollution and high costs, aims to restructure and improve its infrastructure.

November 04, 2024
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