Tue 04/02/2024 05:06 AM
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Thames Water parent Kemble reportedly risks entering into insolvency unless lenders agree to a debt-for-equity deal. Last week, Thames Water blamed regulator Ofwat for not providing the necessary regulatory support for a business plan that “ultimately addresses” the issues that Thames Water faces after more than a year of negotiations, as reported.

If Thames Water is placed into a special administration, liabilities that sit outside the reach of Thames Water Utilities Ltd., or TWUL,...
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