Published On: September 25th, 2024Categories: Trade Ideas
Since we last wrote about Thames Water in our July 16 and April 29 flash reports, the financial situation of the utility company has further deteriorated and the company is now at a critical financial crossroads. This report delves into the challenges Thames Water faces, including a potential nationalization under the Special Administration Regime (SAR), efforts to restructure its debt, and the ongoing quest for a significant equity raise. With its position as a vital utility for 16 million customers, the outcome of Thames Water’s financial struggles could have far-reaching implications, not only for the company itself, but for the broader UK water industry.
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