Thames Water lenders submit new rescue plan to stave off collapse

According to a report by The Guardian… Creditors who effectively own firm say they will write off loans, invest more and commit to paying pollution finesBusiness live – latest newsThe creditors who in effect own Thames Water have said they will commit to paying fines for pollution, as well as writing off more of their loans and investing more in the company, in new proposals to try to avoid the utility being forced into government administration.The group of financial institutions, under the new London & Valley Water holding company, has been locked in talks for months with the regulator Ofwat since May over acceptable terms for the hugely complex restructuring of Britain’s biggest water company. Continue reading… complete report is on below link. Source: https://www.theguardian.com/business/2025/oct/02/thames-water-lenders-submit-new-rescue-plan-to-stave-off-collapse