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.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thames Water funding woes deepen after shareholders pull investment planThe group said the first £500 million of the new equity that had been agreed will not be provided by its shareholders by March 31.
Read more »
Thames Water funding woes deepen after shareholders pull investment planThe group said the first £500 million of the new equity that had been agreed will not be provided by its shareholders by March 31.
Read more »