The group of investors pursuing a rescue bid for Thames Water have offered the government a “golden share” in a last-ditch attempt to persuade Andy Burnham not to nationalise Britain’s biggest water company.
London & Valley Water (L&VW), a consortium of 100 institutional investors that hold £17bn of the company’s £21bn debt, said it recognised the new prime minister wanted greater public control and to strengthen the accountability of the water company.
