‘Super sewer’ chief bows out to the sweet smell of success
London’s £5bn Thames Tideway project has been completed without drama using a pioneering financial model
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Thames Water creditors offer £6.55bn in new debt to take formal control
Deal requires agreement with regulators and government and could take a number of months to conclude
Thames Water paid £20mn to cover KKR’s due diligence for abortive bid
Cost adds to multimillion pound fees billed by advisers trying to secure utility’s future
Ofwat poised to waive Thames Water fines to 2030 under deal
Clock is ticking on approving creditors’ emergency offer for utility as October deadline looms
Thames Water error may require restating accounts
Any amendment of key figures would come at a sensitive time for the troubled utility
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UK bans bonuses at Thames Water and 5 other utilities
Ofwat’s new powers enable it to backdate veto on awards for CEOs and CFOs at poorly performing water companies