From Yahoo Finance: 2025-03-23 13:15:00

Thames Water, with £20bn debt, struggles to find buyer due to lack of asset details. A £3bn debt bailout was approved, but suitors worry about incomplete records. The company must secure a deal soon or face financial struggle. Missing data hinders creditors’ support, as company grapples with underinvestment consequences. Ofwat grants 35% bill increase. Without appeal, nationalization looms. Fines add to financial woes. Six bidders considered, deal targeted by Q2 2025.



Read more at Yahoo Finance: Thames Water rescue deal threatened by missing assets