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The UK’s largest water provider seeks to finalize a deal with one of six potential investors by June 2025 as it works towards financial stability and recapitalization.

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Thames serves 16 million households in and around London and the Thames Valley — but has £20 billion of debt
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Overview

  • Thames Water has delayed its appeal to the CMA for higher customer bill increases by 18 weeks to focus on investor negotiations.
  • The company has received six investment offers and aims to finalize a bidder by June, with recapitalization targeted for September 2025.
  • A £3bn emergency loan from existing creditors has been secured to prevent immediate financial collapse.
  • Thames Water is burdened by nearly £20bn in debt and faces public criticism for environmental harm, including a sharp rise in raw sewage discharges.
  • Ofwat has approved the delay in the CMA appeal, supporting Thames Water's efforts to stabilize its finances and secure a buyer.