Jul 10, 2023
Thames Water investors agree to £750m injection
Shareholders in Thames Water have agreed to provide a further £750m in funds as the company attempts to fight the threat of nationalisation. The agreement is less than the £1bn that Thames Water had been hoping to secure from its shareholders. The water firm has faced criticism over sewage discharges and leaks and is struggling under a mountain of debt. The company serves a quarter of the UK's population and leaks more water than any other water company in the UK - losing the equivalent of up to 250 Olympic-sized swimming pools every day from its pipes. Thames Water also said on Monday it would be looking for an extra £2.5bn from its shareholders for its next business plan, which covers the period from 2025-2030.
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