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flag Thames Water nears £16B rescue deal to avoid public takeover, with debt write-down and creditor equity stakes.

flag Thames Water is close to a £16 billion rescue deal with lenders to avoid temporary public ownership, according to Sky News, with creditors holding £13 billion of its £20 billion debt aiming for a preliminary agreement by mid-February. flag The plan includes a debt write-down of up to 30%, more than £13 billion in existing debt forgiven, and creditors receiving at least 10% equity in the restructured company. flag An equity injection of £3.15 billion may increase if finalized. flag The deal, pending regulator approval, would prevent a government-led takeover and allow the utility to continue operating privately. flag Reuters could not confirm the details, and final terms remain uncertain.

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