British Thames Water Creditors offer £3.35bn Rescue in Last-ditch Bid to Avoid Nationalization

Creditors to Thames Water have offered to inject 3.35 billion pounds ($4.43 billion) in fresh equity into Britain’s largest water utility, escalating efforts to secure a private-sector rescue and prevent the company from slipping into government control. The proposal, submitted to regulator Ofwat within the past 10 days, forms part of a revised recapitalization plan

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