Reported 1 day ago
Thames Water is urging potential investors to submit new bids by February 10, as the troubled water utility seeks to raise at least £3.3 billion to improve its financial situation. With existing shareholders deeming the business 'uninvestible', the company risks running out of cash by the end of March, which could lead to a need for temporary nationalization. Bidders must account for recent regulatory rulings regarding tariff increases and investor returns.
Source: YAHOO