Burnham hit with legal threat from Thames Water creditors over nationalisation plans

Burnham hit with legal threat from Thames Water creditors over nationalisation plans

In a warning against nationalisation, the creditor group said it would seek to recover the company's outstanding debts through the courts if the government takes control

20 Jul, 08:52

Thames Water creditors seek talks with Burnham as nationalisation looms

Consortium preparing for potential legal battle amid reports new PM could put the company into temporary public ownership The group of investors pursuing a rescue bid for Thames Water have said they are willing to discuss greater public control but are also preparing for a potential multi-billion pound legal battle amid reports that Andy Burnham could temporarily nationalise the company. London & Valley Water (L&VW),…

19 Jul, 16:17

Thames Water creditors expect Burnham talks despite legal contigency plans

The creditors bidding to rescue Thames Water remain confident they will be able to present a revised takeover proposal to Andy Burnham’s government, despite preparing for the possibility ministers reject the deal, a source told City AM. People close to the London & Valley Water (L&VW) consortium said they expected to engage with the new [...]

18 Jul, 10:08