Thames Water creditors ‘will bid for company even if it is nationalised’

Group of 100 investors still discussing £10bn rescue proposal with officials from regulator Ofwat, says report

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Thames Water’s creditors are willing to pursue their bid for the debt-laden company even if the next likely prime minister, Andy Burnham, brings it into temporary nationalisation.

The group of 100 institutional investors, which hold about £14bn of Thames’s senior debt, are still discussing its £10bn rescue proposal for the struggling company with officials from the regulator Ofwat, and they have held meetings in recent days.