Thames Water Faces Financial Ruin as Major Investor Writes Off Stake

Canadian pension fund OMERS deems Thames Water 'uninvestable,' leading to complete devaluation of its shares.

OMERS, holding a 31.7% stake, has written down its investment in Thames Water to zero.
Thames Water's parent company, Kemble, defaulted on its debts earlier this year.
The company is burdened with an £18bn debt pile and needs significant cash injections.
Government contingency plans, including temporary renationalization, are being prepared.
Other shareholders have also withheld additional funding, exacerbating the crisis.