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The US industrialist J Paul Getty said that if you owe $ 100 million, this is the problem of the bank. “Though the juice knows that the juice is $ 19 billion, the problem of communal remains open.
There are many of them in the juvenile waters. The English population has a quarter and 32,000 km and 109,000 km channel, but in a confusion, serves after 36 privatization. Sewers leak, rising bills and lenders are trying to restructure when hitting the regulator regulator on the company’s investment plans.
The referee last month, a set of one-month against another, the clients of Thames waters and Bill payers “will be terrible”, “I will be terrible for £ 800 million. There is no ugly hairstyle enough to feel better about the incompetence and exploitation of this passage.
But we are where we are, although we have several alternatives to operate for the company and restore financial stability.
One is that the government intervenes and takes. For a second, bondholders privatize it and agree to new owners. They can have owners by capital exchange and fresh investment for debt.
The third way, setting a special administrator to use Thames water and sort it somehow. This is supported by observers, including the Liberal Democratic MP, Witney attraction From the point of view of clarity and independence from creditors. However, an administrator could not print money: The company must still be refinanced.
The question can soon be the moot. Mr. Justice Leech confirmed The reconstructed plan proposed by the communal head lenders can then be canceled by the Court of Appeal. If so, the company finally dried after cash. After that, the government may need an urgent credit to tide him.
Government She does not want Take the property burden because it is elected to the juice and selecting some labor deputies. Special lenders may reduce funding costs led, but this will transfer financial risk to taxpayers. The state budget, including other protection, has already received a priority.
Fortunately for the government, despite all financial distress and public scandal, there are still potential bidders. Hong Kong and KKr made both CK infrastructure of private capital group Preliminary proposals to capture the assistant if the debts can be reset. Hope, financial markets have eternal springs and the price of everything.
This is the “market solution”, which is popular by most of the Water Debt, infrastructure investors and the owners of the majority of a motley crew of hedge funds. If it can be shirk from the essence of £ 6 billion, the ship may swim under the new property and investment grade flag. The judge agreed to allow the financing costs after sure they were sure they were sure.
Justice dictates that creditors have to suffer to show that credit turns come with risks. The judge, the structure, rebuilding, blocked the structure “into a circle and a circle” and went to the pocket of creditors. “
However, Thames are justice, including capital owners of the water, including Chinese and Abu Dhabi Sovereign Wealth Funds, England and Canadian Pension Funds likely to be deleted. There is a period of a lender in abduction of the hairstyle, even in control of them. An administrator had to cut a type of kind with them.
Getty’s dictation failed for the juice of juice because it must be able to go to the borrower for lending to the lender. This should only turn on my faucet to show that this does not work for a public help or flush the toilet. This does not need to work in the future, not only the future should be borrowed in the future: Britain plans to invest in the water sector £ 108 billion in the next five years.
Margaret Thatcher, when the sector was privatized in 1989, but received for decades to be clear. It is not a choice for the refreshing water, but there is no choice to borrow and continue.
