Two classes of creditors, group A bondholders and group B bondholders, are offering high-interest £3bn rescue packages intended as a liquidity lifeline as the company burns through cash while seeking to restructure its debts.
Thames is labouring under an unsustainable £15bn debt after years of paying hefty dividends as well as fines for pollution infractions. Its shareholders, which include the UK academics' pension fund and international investors from China, Canada and Abu Dhabi, have labelled the company "uninvestible" and refused to put in more money.
That has left Thames heading for a restructuring expected to wipe out shareholders and allow its lenders to seize the company - or force it into temporary state ownership.
هذه القصة مأخوذة من طبعة November 11, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 11, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Saudi storm FA warned to avoid protest unless boycotting World Cup
The Football Association board has been warned by voices in internal discussions to avoid protesting at today's meeting that will confirm Saudi Arabia as host of the 2034 men's World Cup, unless it is willing to boycott the tournament.
ECB ready to extend KP's controversial Hundred deal
Exclusive
Villa ride luck after Barkley's winner sinks spirited Leipzig
After Jhon Durán scored, another ludicrously powerful strike within seven minutes of entering the field, he celebrated by showing the Aston Villa supporters the palms of his hands, as if to say, calm down, what else did you possibly expect?
Celtic close in on playoff spot despite misfiring in Zagreb draw
Received wisdom before kick-off at Stadion Maksimir was that this was the ideal time to face Dinamo Zagreb.
Salah keeps cool from the spot to crown Alisson's happy return
Liverpool's perfect Champions League continued and a new record was completed with a sixth win and a fifth clean sheet.
Eclectic Monaco model thriving with a little help in Bruges
Arsenal's opponents tonight have a policy of buy young, sell high, that works for them and their Belgian sister club
Arteta turns to Tierney amid spate of injuries
Kieran Tierney is set to feature for Arsenal for the first time in more than 16 months after Mikel Arteta revealed he expected to be without several key defenders for tonight's Champions League meeting with Monaco.
Guardiola rules out managing another club after City
Pep Guardiola has ruled himself out of managing another club after Manchester City due to a waning of his energy levels, stating an international coaching position would be of interest to him as his next role.
Saudi Arabia's journey from 90s novelty to World Cup power grab
As Cristiano Ronaldo and Newcastle can attest, the 2034 hosts-elect are now at heart of football politics
Harris to leave Millwall after 'mutual decision'
Neil Harris will step down as Millwall manager for a second time after Saturday's Championship game at Middlesbrough.