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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

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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)

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