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The Guardian - UK
The Guardian - UK
Business
Alex Lawson and Jasper Jolly

Chinese lenders key as Thames Water’s owner seeks time to pay debts

Thames Water  logo on some netting in front of maintenance work
If Kemble Water Finance defaults, the lenders could become shareholders in Thames Water. Photograph: Leon Neal/Getty

The Dutch bank ING and two Chinese state-owned lenders could play a crucial role in deciding the fate of beleaguered Thames Water, it has emerged.

The banks are expected to agree an extension on a £190m loan to the parent company of Britain’s biggest water supplier, which is due to be repaid at the end of this month.

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