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Thames Water's £3bn rescue deal cleared by court

17 March 2025
in World
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Thames Water's £3bn rescue deal cleared by court
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Thames Water’s £3bn rescue loan has been approved by the court after an appeal against the deal was dismissed. The loan will allow the company to continue operating for at least another 12 months, giving it time to restructure its nearly £20bn in debt and attract new investment. The decision was welcomed by Thames Water’s chief executive, who stated that the firm’s “turnaround plan” can now continue with the initial tranche of £1.5bn being provided in instalments over the coming months.

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