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Evening Standard
Evening Standard
Shaun Wilson

Thames Water lenders plan to fight Andy Burnham on nationalisation

Andy Burnham Thames Water Emma Reynolds Ofwat

A group of investors involved in a rescue bid for Thames Water could launch legal proceedings against Andy Burnham's new government if its attempts to take over the debt-ridden firm are rejected in favour of nationalisation.

London & Valley Water (L&VW) consortium is behind the proposed takeover bid of Thames Water and the group has appointed Pallas Partners to act on their behalf if the government rejects their offer for the company.

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