Thames Water lenders submit rescue plan to stave off collapse
Source: BBC
Thames Water's lenders have submitted a new rescue plan to prevent the UK's largest water company from collapsing.London & Valley Water, a consortium of large financial institutions and investors, has submitted proposals which include writing off about a third of the company's near £20bn debt pile and investing to improve services.The future of Thames has been in the balance since fears the company could collapse…
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