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Evening Standard
Evening Standard
Business
Jonathan Prynn

Thames Water creditors warn of "short and closing window" to agree rescue deal

Thames Water Water KKR Ofwat
Thames Water is struggling with almost £20 billion of debt (Andrew Matthews/PA) - (PA Archive)

Thames Water creditors warned today of a “very short and closing window” for talks to succeed to prevent the utility falling into administration.

A group of more than 100 creditors holding a total around £13 billion of Thames Water debt issued their statement the day after New York private equity giant KKR pulled out of talks about leading a rescue bid.

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