Thames Water lenders float new £10bn rescue plan
Latest effort involves paying off fines worth hundreds of millions of pounds as part of bid to stave off financial collapseBusiness live – latest updatesThames Water’s lenders have put forward a £10bn rescue plan that would involve paying off the troubled water company’s hundreds of millions...
<p>Latest effort involves paying off fines worth hundreds of millions of pounds as part of bid to stave off financial collapse</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/mar/16/uk-mortgage-shelf-life-nosedives-interest-rates-oil-iran-inflation-news-updates#maincontent">Business live – latest updates</a></p></li></ul><p>Thames Water’s lenders have put forward a £10bn rescue plan that would involve paying off the troubled water company’s hundreds of millions of pounds-worth of fines for leaks and pollution, as part of an effort to stave off financial collapse.</p><p>A group of private equity firms and investment groups said they would inject about £3.35bn of cash into Thames Water and raise £6.65bn in debt, in exchange for the company not falling into a government-handled administration, effectively a temporary nationalisation.</p> <a href="https://www.theguardian.com/business/2026/mar/16/thames-water-lenders-float-new-financial-rescue-plan">Continue reading...</a>
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