Thames Water seeks court approval for emergency cash
Source: BBC
Thames Water will seek approval for an emergency cash lifeline in court on Monday as it faces running out of money in four weeks' time.Lenders to the debt-saddled company are offering up to £3bn in additional short-term loans to buy time to complete a major restructuring of the UK's biggest water and waste company.Failure to secure approval will see Thames edge closer to a temporary nationalisation, which could…
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