Thames Water creditors prepare for legal fight over possible nationalisation

Investors say they will work with Andy Burnham but hire litigation specialists amid reports the firm could enter temporary public ownership

The group of investors pursuing a rescue bid for Thames Water have said they are willing to discuss greater public control, but are also preparing for a potential multi-billion pound legal battle amid reports Andy Burnham could temporarily nationalise Britain’s biggest water company.

London & Valley Water (L&VW), a consortium of 100 institutional investors that hold £17bn of the water company’s £21bn debt, has said it is open to government involvement with Thames Water, but indicated that this does not include public ownership in the struggling company.
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