Kemble Water said it missed an interest payment that was due on Tuesday. The firm said it had asked its lenders to take no immediate action so as to 'provide a stable platform while all options are explored'. The announcement paves the way for a potential restructuring of Thames Water, which serves nearly a quarter of Britain's population.
' Dutch banking giant ING is among Kemble Water's lenders, Sky News revealed on Thursday. Two Chinese state-owned banks are also said to be involved and could play a key role in the company's future. They are due to be repaid £190m at the end of April, although there are growing expectations that a loan extension may be agreed.
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