London's water supplier set to collapse into 'special administration'
Shareholders are withholding the first £500 million ($631 million) tranche of investment that Thames Water needs to continue operating.
Source: fortune.com
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Thames Water Crisis Deepens as Investors Refuse Payout
(Bloomberg) -- The owners of Thames Water Utilities Ltd. are heading for a showdown with the government after shareholders refused to inject £500 million ($631 million) into the troubled supplier.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsDubai Is Losing Its Allure for Wealthy RussiansBiden Gains Ground Against Trump in Six Key States, Poll ShowsChina Property Crisis Is Rippling Through Its Biggest BanksUBS Banker’s Frustration Exposes Cracks in World of
Source: yahoo.com