Thames Water investors offer ‘golden share’ in bid to head off nationalisation
World
Move would give government veto over big decisions and hostile takeovers, after Burnham’s call for greater public control
The group of investors pursuing a rescue bid for Thames Water have offered the government a “golden share” in a last-ditch attempt to persuade Andy Burnham not to nationalise Britain’s biggest water company.
London & Valley Water (L&VW), a consortium of 100 institutional investors that hold £17bn of the company’s £21bn debt, said it recognised the new prime minister wanted greater public control and to strengthen the accountability of the water company.
To read the full story from the source: The Guardian – World
