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The Independent UK
The Independent UK
Business
Alex Daniel

Thames Water has secured a £3bn rescue deal. Here’s what it means for customers

Thames Water Thames Andrew Matthews Chris Weston Ofwat
A court decision has moved Thames Water closer to a £3 billion rescue loan - (PA Archive)

A £3 billion loan deal designed to prevent Thames Water from going bust looks set to go ahead after Court of Appeal judges rejected several appeals against it.

On Monday, Sir Julian Flaux, sitting with Sir Nicholas Patten and Lord Justice Zacaroli, dismissed the appeals made by a group of the utility's secondary creditors, as well as TWUH's parent company, Thames Water Limited (TWL) with reasons to follow in writing "in due course".

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