A group of Thames Water’s senior creditors, London & Valley Water (“L&VW”), has submitted to Ofwat proposals for them to be relieved from fines for past or future sewage dumping for a period of up to fifteen years and to take a very modest haircut to their loans.
Is the Thames Water bailout plan - which…
A group of Thames Water’s senior creditors, London & Valley Water (“L&VW”), has submitted to Ofwat proposals for them to be relieved from fines for past or future sewage dumping for a period of up to fifteen years and to take a very modest haircut to their loans.