Feeding frenzy: Army of advisers making millions from Thames Water.
It has £19bn debt, wants another £3bn debt at interest rate of 9.75% in two instalments.
Two-thirds of £1.5bn will end-up in the pockets of debt investors, professional advisers.
As usual, customers will pay.
It has £19bn debt, wants another £3bn debt at interest rate of 9.75% in two instalments.
Two-thirds of £1.5bn will end-up in the pockets of debt investors, professional advisers.
As usual, customers will pay.
Comments
That’s capitalism.
Or just nationalise the assets and let the creditors fight over the compensation.
Time to permanently privatise these bloodthirsty vamps