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Thames high-level management group, England’s largest Water Aid Program, even England’s largest water program, even the largest water utility on the eve of bankruptcy, even the largest water assistance program.
The Commons Environment, Food and Rural Affairs Committee of the Committee of the Committee was to share between the 21-year-old staff, but excluding CEO Chris Weston and other high directed director.
In total, Thamesi executors will receive a day wages in April in April, according to the first payment in April in April, in April, in April. The Judicial Council does not intend to restore this money, the Department of Thames Sir Adrian Montague wrote in a letter dated May 30.
The future of Thames is a fight under the debt of £ 20 billion – after the US private capital company hangs KKR went last week from a rescue contract of £ 4 billion for assistance. The company provides water and sewerage services in a quarter of the British population.
Teargal Sharkey, a former rock singer, turned into a water campaign, said that the payments made to the leaders of Thames, and called on the company’s government under a special management regime.
Thames, the topic of public wrath on sewerage and pollution, are facing potential fines from Weston’s environmental Analysis Agency to 480 minutes.
Potential fines were added to the possible more than £ 900 million, which can provide adequate service to customers who can hand over to their customers in the next five years. The company was Issued with A good record by industry regulator a week ago.
Thames’ bondholders are pushing the company’s financial performance for past environmental violations and push the penalties to refuse penalties to escape “Doom Loop”.
US Hedgehogs Funds Elliott management and Silverpoint capital Lenders – Thames 3 billion pounds of injection injections, 20 percent capitalized by 20 percent of the 20 percentage capital.
Thames cut the debt to £ 20 billion in £ 12.9 billion, which opened the way to return to an investment rate, people involved in discussions.
The group of creditors covering more than 100 financial institutions, which is more than £ 13 billion by Thames, hoped to sign up next month.
Turnaround plan, change the entire board of Utility, it is impossible for Weston to stay in the post.
Creditors company would lend more than £ 2 billion expensive £ 3bn credit Earlier this year, he was approved by the Supreme Court in London. Thames 750 mln, which gives the water enough to live up to 750 million and September.
If the credit agreement fails, other investors, including CK infrastructure and castle water, were temporarily taken under the government’s special management scheme, said he would be interested in tender for Tema. The government said it was committed to the private sector solution.
Thamza defended the plot of grip for administrators, but confirmed the plan was suspended and none of the payments were not financed by customers.
The proposed creditor said, Thames said: “The Board will review the full Recapitalization and Turnaround plan presented by our creditors.”
The creditor group will be a tournament plan: “Correct the root reasons for the problems of Thames, restore the balance sheet, restore customer confidence and correct the basics of work for each other and everyone.”
Ofwat, “said the headscarf review of the presence of a group of creditors,” he said.
