share_log

据报泰晤士水务正面临债务重组 正寻求将长江基建(01038)列为潜在买家以协助解困

According to reports, Thames Water is facing debt restructuring and is seeking to list China Yangtze Power (01038) as a potential buyer to assist in resolving its difficulties.

Jinwu Financial News ·  Mar 12 03:06

According to Jinwu Financial News, Thames Water, which is in financial difficulty, may be placed under special administration by the United Kingdom government after a hearing in a London court this week. To this end, the company is trying to list China Yangtze Power (01038) as a potential buyer, hoping it can help the company get out of trouble.

Reports indicate that Thames Water is currently in the process of debt restructuring. If the court proceedings fail, the United Kingdom government will take control of the company through the special administration regime (SAR). This system is designed for bankrupt companies that provide significant services and is similar to a bankruptcy process that will be under national supervision for a period of time. By then, the determination of a buyer will depend on the administrator appointed by the court and the government.

The report also notes that although Thames Water's executives believe the likelihood of entering special administration is low, preparing China Yangtze Power is part of the company's contingency plan. However, a spokesperson for Thames Water stated that the company has not collaborated with China Yangtze Power to formulate any contingency plan and is currently focused on advancing its own restructuring plan, conducting detailed evaluations of multiple proposals.

According to insiders, relevant review work is ongoing, but it cannot be guaranteed that an agreement will be reached. A spokesperson for China Yangtze Power did not immediately respond to the rumors. However, the report cites a spokesperson as saying that the United Kingdom government is closely monitoring the development of the situation. On the other hand, insiders revealed that a group of creditors holding Thames Water's B-class Bonds is also interested in acquiring Thames Water, led by alternative credit investor Polus Capital Management.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Comment Comment · Views 980

Recommended

Write a comment

Statement

This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.