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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly and Anna Isaac

Thames Water may need £10bn investment to repair finances, high court hears

Campaigners with sign saying Block the Bailout
Campaigners outside the Royal Courts of Justice on 3 February urge the court to block Thames Water’s application for a bailout. Photograph: Vuk Valcic/Zuma Press Wire/Rex/Shutterstock

Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn.

London’s high court heard evidence on Tuesday that suggested the UK’s largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated.

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