15 Hrs
Source:
The Guardian
Thames Water investors propose golden share to prevent nationalisation
Investors pursuing a rescue of Thames Water have offered the UK government a “golden share” that would grant veto power over key decisions and hostile takeovers, in an effort to avoid nationalisation. The consortium, which holds most of the company’s debt, aims to improve public oversight and accountability while committing to measures such as a decade-long dividend ban and expanding affordable tariffs. This proposal follows ongoing debates about whether Thames Water should be brought into public ownership to address its financial difficulties and delivery challenges.
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