Thames Water seeks court approval for a £3 billion restructuring to avoid nationalization, facing creditor disputes.

Thames Water, the UK's largest water supplier, seeks High Court approval for a £3 billion restructuring to avoid nationalization. Over 75% of creditors support the plan, which aims to ensure the company's operation until 2025. Despite claims that no creditors will be negatively impacted, a group of lower-ranked creditors disputes this and proposes an alternative plan.

3 months ago
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