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Evening Standard
Evening Standard
Holly Williams

Thames Water lenders plan board overhaul if rescue bid approved

A rescue plan by creditors is seen as the final realistic option to avoid Thames Water being placed into a special administration regime (Andrew Matthews/PA) - (PA Archive)

Thames Water’s creditors have revealed plans to appoint four new directors to the board of the stricken supplier if their rescue bid is given the green light to avoid it being nationalised.

Former Yorkshire Water chief executive Liz Barber is among the first tranche of proposed non-executive directors unveiled by the London & Valley Water consortium as it looks to secure Government backing for the deal.

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