Finance
Thames Water creditors to pledge no sale before 2030, Sky News reports
Published by Global Banking and Finance Review
Posted on September 30, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 30, 2025
2 min readLast updated: January 21, 2026
Thames Water creditors, including 15 institutions, pledge no sale before 2030 to stabilize the utility and avoid nationalization.
(Reuters) -Some creditors of Thames Water will pledge to retain their ownership in the struggling British utility until 2030 as part of a rescue plan, Sky News reported on Tuesday.
Earlier this month, the creditor group — named London & Valley Water and comprising 15 institutions including Aberdeen Investments, Elliott, PIMCO and Silverpoint Capital — proposed a last-ditch rescue plan to prevent the utility from being nationalised.
The lender group, which accounts for the bulk of the company's 20 billion pound ($26.90 billion) debt pile, are to pledge to Ofwat, the industry regulator, that they will not offload the company until it is in a sufficiently healthy position to attain a stock market listing, the report said.
Thames Water and the London & Valley Water consortium declined to comment on the report.
The creditors will also commit to not paying a dividend to shareholders for the length of the transformation plan or till its return to the stock market, the report added, citing an executive at one of the participating funds.
The pledge will form part of a package to be submitted to Ofwat by the Class A creditors as soon as this week, the report said.
($1 = 0.7435 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Sahal Muhammed)
A financial crisis is a situation where financial institutions or assets suddenly lose a large part of their value, often leading to a loss of confidence and severe economic downturn.
Debt instruments are financial assets that represent a loan made by an investor to a borrower, typically including bonds, notes, and mortgages.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, focusing on the relationships among stakeholders.
Utility investment involves funding for companies that provide essential services such as water, electricity, and natural gas, often focusing on infrastructure and regulatory compliance.
Financial management is the strategic planning, organizing, directing, and controlling of financial activities in an organization, aimed at maximizing shareholder value.
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