Reported about 21 hours ago
Thames Water is nearing a critical deadline for equity investments with only two confirmed bids from Castle Water and Covalis Capital. As potential investors hesitate due to legal uncertainties surrounding the utility's restructuring and fears of cash depletion by next month, talks continue regarding a significant emergency loan, complicating the rescue efforts. Both bidders have outlined plans to infuse substantial funds into the beleaguered utility, but doubts remain about their feasibility amidst ongoing regulatory challenges.
Source: YAHOO