Can troubled Thames Water avoid collapse?
Source: BBC
The water company that supplies clean water and removes waste for a quarter of the UK is, quite simply, drowning in debt.When the company was privatised in 1989, it had no debt. But over the years it borrowed heavily and is currently £15.4bn in debt.A large proportion of that was added when Macquarie, an Australian infrastructure bank, owned Thames Water, reaching over £10bn when the company was sold in…
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