Billionaire Trump donor in line to make millions from Thames Water bid
Key takeaways
- Thames Water has built up a £17.6bn debt pile in the decades after its privatisation.
- A billionaire Donald Trump donor could make millions from a deal being struck between the government and Thames Water.
- The UK’s largest water company, ministers and creditors are in a impasse as they try to agree a rescue deal to stave off Thames’s collapse.
Why this matters: a developing story that could shape the day's news cycle.
Thames Water has built up a £17.6bn debt pile in the decades after its privatisation. Photograph: Mina Kim/Reuters View image in fullscreen Thames Water has built up a £17.6bn debt pile in the decades after its privatisation. Photograph: Mina Kim/Reuters Thames Water Billionaire Trump donor in line to make millions from Thames Water bid Paul Singer is founder of a leading creditor in the hedge fund consortium locked in talks with the UK government
Prefer the Guardian on Google. A billionaire Donald Trump donor could make millions from a deal being struck between the government and Thames Water.
The UK’s largest water company, ministers and creditors are in a impasse as they try to agree a rescue deal to stave off Thames’s collapse. The water company built up a £17.6bn debt pile in the decades after its privatisation.