The group of lenders who wish to take control of the greatest public British water service and keep it outside the ownership of the government are to engage in the industry regulator that they will not unload the company before the end of the decade. Sky News learned that Thames waterThe largest group of creditors, … Read more
One of the best convenience stores from British companies is aligned to direct a rescue of several billion pounds in the Thames after the favorite tenderer of the company has moved away. Sky News can reveal that Mike Mctighe is working with the largest group of Thames Water creditors on a plan aimed at restructuring … Read more
The investment giant aligned itself to save that Thames’ water abandoned its offer a few days after the discussions involving one of its co-founders and Downing Street officials. Sky News learned that Henry Kravis, one of KKR’s ascent architects to become one of the most powerful investors in the world, discussed his plan to bail … Read more
Thames Water “withdrew” the plans to pay bonuses of senior patterns linked to the company guaranteeing an emergency loan of 3 billion pounds Sterling, said the secretary of the environment. Steve Reed confirmed that the proposals had been abandoned during a session of the Environmental Committee, Foods and Rural Affairs (EFRA) with deputies on Tuesday. … Read more
Crisis-Hit Thames Water has launched an offer to invoice its customers more over the next five years than the industry regulator will not allow it, arguing that it has been treated unjustly. The biggest British household supplier, who is in a battle for survival, because he faces a heap of debt of 19 billion pounds … Read more
Thames Water is the subject of a survey on late delivery of environmental improvement systems, the industry regulator announced. Ofwat said the case of application against the company, currently fighting to guarantee its financial future in the midst of a heap of 19 billion pounds sterling, aimed to determine whether it had violated its legal … Read more
KKR, one of the largest investors in investment in the world, advances the plans to play a crucial role in the dry of the largest British water supplier. Sky News has learned that KKR, who manages assets of more than $ 600 billion, hired investment bankers and lawyers to help formulate a plan to inject … Read more
Thames Water will request the approval of the High Court for a rescue plan of 3 billion pounds sterling during a four -day hearing from the Royal Courts of Justice on Monday. The indebted utility requests the approval of a judge for a restructuring plan centered on an emergency loan, he says that he must … Read more
The UK’s largest water company has been fined £18.2m for “unjustified” dividends which the regulator said broke shareholder payment rules. Thames water has been hit with a penalty by water regulator Ofwat over £195.8 million in dividends paid in October 2023 and March 2024. This is the first time Ofwat has used such enforcement powers … Read more
Thames Water has won court approval to proceed with the next phase of securing a £3 billion emergency loan, with a hearing to seek approval from creditors scheduled for four days in the first week of February. The troubled utility told the High Court that without the loan it would run out of cash by … Read more