Thames Water will have to seek investment from outside the traditional pool of backers within the utility sector, as it scrambles to raise capital to pay off its debts. Joanna Ford, restructuring & insolvency partner at law firm Cripps, told Utility Week that traditional investors within the water sector are unlikely to buy into Thames Water due to its current financial crisis. She added that even if the firm goes through a special administration process, those traditional investors – such as pension funds – are unlikely to take a stake in the country’s biggest water company.
Thames ‘unlikely’ to attract traditional utility investors, experts warn
