Thames Water’s senior creditors are prepared to bid for the utility even if it is placed into the UK government’s special administration regime, according to a report by the Financial Times.
The creditors, which include Elliott Management and Apollo Global Management, have been seeking to take control of the company after a proposed rescue by KKR collapsed last year. Thames Water, the UK’s largest water supplier, serves 16m customers and is carrying close to £20bn of debt.
The creditor group, op...
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