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Thames Water, battling to avoid administration, agrees fine payment plan
Published by Global Banking and Finance Review
Posted on August 27, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 27, 2025
1 min readLast updated: January 22, 2026
Thames Water has reached a payment agreement to settle £123 million in fines, aiming to avoid administration and nationalisation.
LONDON (Reuters) -Britain's Thames Water said it had agreed a payment plan with the regulator for fines it owes worth 123 million pounds ($166 million), as it continues to try to agree a deal with creditors to avoid temporary government nationalisation.
It will pay an initial 20% in the coming weeks with the balance to follow.
($1 = 0.7402 pounds)
(Reporting by Sarah Young; Editing by Kate Holton)
Thames Water has agreed to a payment plan with the regulator for fines totaling 123 million pounds, which will be paid in installments.
Thames Water will pay an initial 20% of the fines in the coming weeks, with the remaining balance to follow.
Thames Water owes a total of 123 million pounds, equivalent to approximately 166 million dollars.
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