Finance
Britain's Thames Water says equity raise 'progressing'
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
Thames Water is advancing its equity raise as part of a rescue plan, securing a £3 billion facility to ensure financial stability into the new year.
LONDON (Reuters) - Britain's Thames Water said its equity raise was progressing, the next stage of a rescue plan after it secures a 3 billion pound ($3.83 billion) facility to help it survive into the new year.
"We've reached key milestones in establishing a more stablefinancial platform, agreeing a liquidity extension transaction proposal and progressing our equity raise process," Chief Executive Chris Weston said in a statement on Tuesday.
($1 = 0.7840 pounds)
(Reporting by Sarah Young, Editing by Paul Sandle)
The main topic is Thames Water's progression in its equity raise as part of a financial rescue plan.
Thames Water is raising equity to secure financial stability and support its operations into the new year.
Chris Weston is the Chief Executive of Thames Water, providing updates on the equity raise process.
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