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Thames Water back from the brink after investors pump in $1.45b

Thames Water said its investors had agreed to inject £750 million ($1.45 billion) into the company, helping to stave off the threat of nationalisation, but Britain’s biggest water utility warned it would need further investment in the years ahead.

Weighed down by £14 billion of debt and under pressure over sewage releases into British rivers and seas, Thames sought to end weeks of speculation about its future, saying it was not close to needing a government rescue.

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    Original URL: https://www.afr.com/markets/debt-markets/thames-water-back-from-the-brink-after-investors-pump-in-1-45b-20230710-p5dn7l