Thames Water creditors eye board shake-up if takeover plan succeeds

Thames Water creditors accused of ‘shuffling deckchairs’ with plan for new board

Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’ Business live – latest updates The group of creditors pursuing a rescue bid for Thames Water have been accused of shuffling the deckchairs on the Titanic after proposing an overhaul of the stricken utility’s board. In a bid to stave off temporary nationalisation by Andy Burnham, the lenders said they would appoint L…

24 Aug, 10:38

Thames Water creditors eye board shake-up if takeover plan succeeds

The group of creditors vying to take control of Thames Water has said it will appoint the former bosses of Yorkshire Water and BT Openreach to the utility’s board should it succeed in fending off nationalisation by the government. The London & Valley Water (L&VW) consortium, which includes heavyweight investors including Apollo and Elliott, has [...]

24 Aug, 07:38

Thames Water creditors plan board shake-up if utility avoids nationalisation

Move aims to reassure government there would be a change of leadership under their ownership

24 Aug, 06:35