Bidders line up for struggling Thames Water - BBC

Dec 6, 2024 · Thames Water has received multiple bids for the struggling business which has warned that it could run out of cash by next year. Castle Water, a Scottish utility firm co-owned …

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Thames Water Secures £3bn Loan To Survive Into 2025 - BBC

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Oct 25, 2024 · Thames Water has been thrown a cash lifeline that will tide the troubled utility giant over until October next year. The UK's biggest water group has secured a loan of up to £3bn …

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Thames Water: Bidders Line Up For Struggling Utility Giant

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Dec 6, 2024 · The ailing business is saddled with debts which, it admitted, will swell to nearly £18bn next March. Customers are facing a steep rise in their water bills. In July, Thames told …

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Thames Water Makes Bid To Lift Bills By Up To 44% - BBC News

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Thames Water Boss Says Bills Need To Rise By 40% - BBC News

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Mar 28, 2024 · Thames Water is heavily indebted, with a large proportion of its £14.7bn debt pile having been run up when it was owned by Macquarie, an Australian infrastructure bank. …

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FAQs about Bidders line up for struggling Thames Water - BBC Coupon?

Will Thames Water run out of cash by next year?

Thames Water has received multiple bids for the struggling business which has warned that it could run out of cash by next year. Castle Water, a Scottish utility firm co-owned by Conservative Party treasurer Graham Edwards, is understood to have made an offer for Thames ahead of a deadline for potential investors this week. ...

Will Thames Water run out of funding by Christmas?

Thames Water has been thrown a cash lifeline that will tide the troubled utility giant over until October next year. The UK's biggest water group has secured a loan of up to £3bn following fears that it would run out of funding by Christmas. ...

Why is Thames Water struggling to raise £14bn?

Last year Thames Water's owners - a consortium of institutional investors - pumped £500m into the business and pledged a further £1bn to help turn things around. But the firm is understood to be struggling to raise the remaining cash which it needs to service its substantial debt pile, which is around £14bn. ...

Could Thames Water be broken up into smaller businesses?

Your support makes all the difference. Investment firm Covalis Capital has made an offer for Thames Water, in a plan which could see the embattled utility giant broken up into smaller businesses. Covalis’s bid involves bringing in French company Suez to help it run Thames Water as it sells off large chunks of the supplier’s assets. ...

Will Thames Water raise its annual bills by 53%?

In July, the company had told water regulator Ofwat that it wanted to increase annual bills by 23% between 2025 and 2030. Since then, Thames has said it needed to raise them by 53%. The BBC understands there are up to six parties interested in taking a stake in Thames Water. ...

Will Thames Water get a multibillion pound cash injection?

Debt-laden Thames Water, which is the UK’s biggest water supplier, had asked possible investors to put forward indicative bids by the end of Thursday December 5. The utility giant is looking to secure a multibillion-pound cash injection to stave off nationalisation. ...