Australian investment bank Macquarie, criticized for its role in loading Thames Water with debt during its ownership from 2006 to 2017, is reportedly among the lenders to Thames Water's troubled parent company.
Thames Water
Breaking News
Australian Bank Macquarie Criticized For Lending Money to Britain's Biggest Water Firm, Thames Water
The restructuring talks planned by Thames Water will be urgently imposed as fears of potential collapse looms due to its £18 billion debt and impending loan repayment deadline.
Thames Water, a major UK water company, grapples with £15 billion ($19.5 billion) debt. As expected £500 million ($650 million) funding falls through, and bill hikes up to 40% will be implemented instead.
Thames Water Set to Increase Charges and is seeking its regulator's permission.
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