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Thames Water secures £3billion lifeline to stave off financial collapse after court battle over it's restructuring plans

Appeal court judges dismissed a plea from environmental campaigners and a small group of Thames creditors to throw out the restructure plan.



Thames Water secures a £3 billion bailout to avoid financial collapse after winning a court battle against an appeal to its restructuring plans. The appeal, brought by environmental campaigners and creditors, argued for temporary nationalization instead. The court dismissed the appeal, allowing Thames Water to continue operating and attempt debt restructuring.

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