Thames Water Creditors Eye Takeover in £749M Deal
Thames Water is facing a potential ownership shakeup as its creditors propose a £749 million capital injection. This move is designed to stabilize the struggling utility provider’s balance sheet while granting lenders greater control over the firm’s future operations. The proposed deal signals a critical turning point for the UK’s largest water company, which has been grappling with mounting debt and intense regulatory pressure to upgrade its crumbling infrastructure.