One of Britain’s leading financial mutuals is in talks to buy Dalmore Capital, the infrastructure investor with a stake in the Thames “super sewer”. Sky News has learned that Royal London is among the suitors surrounding Dalmore, which began considering a sale earlier this autumn. Royal London’s interest is serious but has not yet resulted … Read more
Eliminating all incidents of pollution in the Thames Water network will be “nearly impossible” and a public debate is needed on the true cost of stopping all wastewater discharges, chief executive Chris Weston has said. Speaking on the occasion of the revelation of the company’s interim results pollution incidents increased by 40%Mr Weston said customers’ … Read more
The UK’s biggest water supplier has received another offer, despite declaring itself ‘non-investable’. The latest bid for Thames Water came from infrastructure investor Covalis Capital, which would use French utility Suez, the company confirmed on Friday morning. If agreed, the supplier could be split into smaller companies, the Financial Times reported, and Suez would be … Read more
Thames Water’s largest group of creditors has failed to secure a veto over whether a £3bn emergency cash injection would be used to settle regulatory fines imposed over a series of breaches in terms of environment and performance. Sky News can reveal a clause stipulating the company’s A lenders – who account for well over … Read more
Crisis-hit Thames Water says it has received enough support from its creditors to potentially secure up to £3 billion in emergency funding. The UK’s largest water company has revealed that those holding more than 75% of its least risky debt have agreed to staged funding, saying the deal is expected to last until at least … Read more