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Evening Standard
Evening Standard
Holly Williams

Thames Water lenders consider offering ‘golden share’ to avert nationalisation

It comes amid reports Andy Burnham could temporarily nationalise the debt-laden company (Yui Mok/PA) - (PA Wire)

Thames Water’s lenders have revealed they are looking at offering a “golden share” to the Government as part of a revised rescue deal to stave off nationalisation of the stricken supplier.

The consortium of lenders bidding for the UK’s biggest water firm, which has around 16 million customers across London and the South East, said it remains in talks with regulators over a possible deal, with “material improvements” being considered on its previous £10 billion proposal to appease government concerns.

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