Dutch bank ING is key lender to Thames Water parent as cliff-edge looms
Thursday, 4 April 2024 The Dutch banking giant ING has been thrust into a pivotal role in determining the future of stricken Thames Water's parent company amid growing expectations that lenders will agree a loan extension ahead of a repayment deadline this month.
Representatives of Thames Water's multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the.. Sky News
Communities Secretary Michael Gove brands the management of Thames Water a “disgrace”, insisting they should “carry the can” for any future investment, instead of consumers. Bosses at the company have admitted the firm could face the risk of emergency nationalisation as its funding crisis deepened – after shareholders refused to give the troubled utility giant extra cash. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt says the Treasury will monitor Thames Water's situation "very carefully" but believes the company is “still solvent” despite reports of shareholders withdrawing investment money. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Thursday, 4 April 2024
![Minister: Thames Water management should carry the can [Video]](https://video.newsserve.net/300/v/20240328/1371202728-Minister-Thames-Water-management-should-carry-the-can.jpg)
![Chancellor: Treasury will monitor Thames Water carefully [Video]](https://video.newsserve.net/300/v/20240328/1371182628-Chancellor-Treasury-will-monitor-Thames-Water-carefully.jpg)
