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Thames Water pauses legal fight over bill hike to negotiate £7.5B debt write-off with investors.
Thames Water has paused its legal challenge against Ofwat’s bill increase decision as talks continue with a consortium of investors, including senior lenders, on a rescue plan involving a £7.5 billion debt write-off.
The delay aims to avoid special administration and support a sustainable solution for customers, employees, and the environment, with regulators and oversight bodies reviewing the proposed turnaround.
No timeline has been set for the deferral, as negotiations with creditors remain ongoing.
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Thames Water detiene la lucha legal por el aumento de la factura para negociar la cancelación de la deuda de £ 7.5B con los inversores.