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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Macquarie ‘very proud’ of Thames Water ownership despite loading it with debt

Thames Water Macquarie Thames
Thames Water van
Thames Water supplies water and sewerage services to 16 million customers in London and south-east England. Photograph: Dinendra Haria/Sopa Images/Rex/Shutterstock

The investment bank that sold Thames Water in 2017 after loading the company with debt has said that it is “very proud” of its record, even as the water utility teeters on the verge of collapse.

Australia-headquartered Macquarie led a consortium that owned Thames Water from 2006 until 2017. Macquarie has been criticised by some politicians and analysts for its control of the business, accusing the bank of setting it on course for financial collapse.

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