Burnham has forced greater clarity at Thames Water. Now he must choose
Bondholders are suddenly showing flexibility after 18 wasted months at ailing utility companyThames Water investors offer ‘golden share’ in bid to head off nationalisationWhat a difference a credible political threat of special administration at Thames Water can make. Suddenly, the bondholders are volunteering all manner of new ideas in their attempt to take over the ailing utility. Would you like the state to have a “golden share”, Mr Burnham? Here is a menu of “supervisory structures” that may meet your…
Source: www.theguardian.com