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Castle Water’s revised bid offers £1B+ to save Thames Water from nationalisation amid debt and pollution crises.
Castle Water has made a revised bid to acquire Thames Water, offering at least £1 billion in additional funding to address the utility’s £17bn-£20bn debt and severe pollution issues.
The proposal, backed by the Pears family, aims to stabilize the company serving 16 million customers and prevent nationalisation.
Creditors, including the London & Valley Water consortium, are pushing for urgent investment, with some calling for up to £5bn in funding.
Ofwat continues reviewing proposals to ensure they improve financial stability and environmental performance.
Talks are ongoing with regulators, senior creditors, and stakeholders, with a deadline approaching to secure a market-led recapitalisation before year-end.
La oferta revisada de Castle Water ofrece £ 1B + para salvar a Thames Water de la nacionalización en medio de crisis de deuda y contaminación.