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Thames Water will discover whether a High Court judge has approved plans to restructure the struggling utility on Tuesday.Thames Water Utilities Holdings Limited (TWUH), the parent company of Thames Water Group (TWG), England's largest water company, is set to run out of money by late March and risks entering special administration if a judge does not approve the scheme, known as the company plan, to inject up to £3 billion to keep it afloat.But a smaller secondary group of creditors opposes the
Thames Water will discover whether a High Court judge has approved plans to restructure the struggling utility on Tuesday.Thames Water Utilities Holdings Limited (TWUH), the parent company of Thames Water Group (TWG), England's largest water company, is set to run out of money by late March and risks entering special administration if a judge does not approve the scheme, known as the company plan, to inject up to £3 billion to keep it afloat.But a smaller secondary group of creditors opposes the sanctioning of the plan and is instead proposing an alternative known as the "B plan" which it claims would provide the company with the same funding on better terms.
↗https://www.dailymail.com/video/video/video-3375977/Thames-Water-discover-restructuring-plan-approved-Tuesday.html
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