Thames Water lenders preparing legal challenge in event of Burnham nationalisation. Bullying to extract cash from customers/govt. TW shares are worthless, debt trades at discount. Must enforce laws, impose fines, bankrupt TW. Creditors will get little. Nationalise, TW violated licence terms.
Thames Water lenders preparing legal challenge to potential nationalisation
The BBC understands creditors would would pursue payment in full of the outstanding debts, in the multi-billions of pounds.
bbc.co.uk