Some analysts claim investment bank set supplier on course for collapse before selling it in 2017
Business live – latest updates
The investment bank that sold Thames Water in 2017 after loading the company with debt has said that it is “very proud” of its record, even as the water utility teeters on the verge of collapse.
Australia-headquartered Macquarie led a consortium that owned Thames Water from 2006 until 2017. Macquarie has been criticised by some politicians and analysts for its control of the business, accusing the bank of setting it on course for financial collapse.
About Author
More Stories
Many of Dead Sea scrolls may be older than thought, experts say
Bodies of two Israeli-American hostages taken in 7 October attack recovered, Netanyahu says – Israel-Gaza war live
Setback for Minns government as controversial workers’ compensation bill sent to inquiry