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
Bentancur to get long ban over alleged racist remark
Tottenham are resigned to Rodrigo Bentancur being given a lengthy ban of at least six matches by the Football Association for making an allegedly racist remark about Son Heung-min.
Kane faces Carsley axe Shock as captain set to be left out for crunch Greece match
Harry Kane is set to be a shock omission from Lee Carsley's England team for tonight's must-win Nations League match against Greece in Athens.
Infantino to avoid scrutiny with virtual 2026 draw
Gianni Infantino will avoid any scrutiny of the controversial decision to give the 2034 World Cup to Saudi Arabia next month after Fifa opted to stage the qualifying draw for the 2026 tournament as a virtual event.
Gordon heeds England's call as no-shows hinder Carsley
While a depleted side face tricky tests against Greece and Ireland, there will be big opportunities for some
Lawrence caps quick Chelsea comeback after Agnew's early strike
Chelsea's aspiration of claiming this season's Women's Champions League was hardly in danger as Murphy Agnew handed Celtic a shock lead.
Paul's big-money fight is a circus but the YouTuber is no clown
Despite the absurd persona, his business savvy and support of female fighters must be acknowledged
Tyson offers reminder of boxing's glory days before weary return
Former Baddest Man on the Planet is reflective but determined in open workout as he gears up for inglorious fight with YouTuber, reports
Lineker leaves second BBC presenting role
Gary Lineker has stepped down from his role as presenter of Sports Personality of the Year (Spoty), the BBC has confirmed.
Coe pulls no punches with his IOC pitch
Sebastian Coe has promised to introduce an \"uncompromising and clearcut\" policy to protect women's sport and to look into awarding prize money to all Olympic medallists if he is elected International Olympic Committee (IOC) president.
Slade vows 'not to shut up shop' against Springboks
England are looking to banish their autumn frustrations at South Africa's expense this Saturday and have vowed \"not to shut up shop\" against the reigning world champions.
