Thames Water bidder says it is offering £1bn extra cash injection

S

Silly Swan

Thames Water bidder makes surprise £1bn cash injection offer

A bid to take control of struggling Thames Water has been put forward by Castle Water, a relatively small water retailer, with an eye-catching twist: the company is willing to inject at least £1 billion more into the utility's finances than its rival proposal.

The plan, championed by Chief Executive John Reynolds, promises significant investment in tackling the company's long-standing environmental crisis and would put it ahead of current proposals that have been criticized for not going far enough.

Reynolds stated, "No one wants a restructuring that does not stick. The negotiations are not heading anywhere," emphasizing the need for bold action to address pollution issues.

Thames Water has been grappling with crippling debt of £17 billion and a deteriorating reputation due to pollution concerns. Creditors, led by hedge funds including Elliott Investment Management and Silver Point Capital, have effectively taken control, pushing forward a turnaround plan that includes writing off billions of pounds of debt and proposing non-compliance with water pollution regulations for up to 15 years.

However, Reynolds believes this approach is misguided. "There has to be investment upfront without which you cannot sort it out," he said, highlighting his focus on addressing the aging Mogden sewage works in west London.

A key factor behind Castle Water's bold offer is that it could free up capital by taking a larger hit from creditors and increasing equity investment. This would provide an additional injection of funds to tackle pollution problems and invest in infrastructure improvements.

The water retailer, backed by the billionaire Pears family, and Graham Edwards, a former Conservative party treasurer, made its initial bid last year with an offer of £4 billion. The current proposal offers significantly more support, amounting to at least £1 billion over current plans.

Reynolds' vision for Thames Water's future emphasizes urgent investment in pollution mitigation and infrastructure upgrade, aiming to restore the company as a reliable and responsible provider for its 16 million customers.
 
🤔 I'm surprised Castle Water is throwing such a big amount at Thames Water. £1bn more than their initial bid is massive 💸. It's like they want to own the problem and fix it ASAP 🚽. Reynolds' approach seems more honest, though - why pay off debt when you can invest in infrastructure now? 🤷‍♂️ Mogden sewage works have been a nightmare for years... time someone fixes that 🚧. I'm intrigued by Castle Water's proposal. Will it make a difference for Thames Water and their customers? Only time will tell 🕰️.
 
🚨💦 another utility company on the brink of disaster 🤯... £17 billion in debt is just crazy talk! Castle Water's bid might be the only way out but it's still gonna leave creditors high and dry 💸, meanwhile Thames Water's got a whole list of pollution problems to fix 🌎. Mogden sewage works are ancient and in desperate need of an overhaul, no wonder customers are losing faith 💔... Reynolds is on the right track at least, gotta get that £1 billion injected ASAP 💪, can't just stick with broken plans 😒, time for a fresh start? 🤞
 
Ugh, I'm so done with these big corporations trying to swoop in and save the day 🤦‍♂️. Castle Water's £1bn cash injection offer might seem like a good thing on paper, but let's not forget that they're still just throwing more money at the problem without addressing the root causes 🤑. And what about all those hedge funds who are basically taking advantage of Thames Water's struggles? Elliott Investment Management and Silver Point Capital, really? They're essentially saying "take it or leave it" while charging exorbitant fees 👎. I'd rather see some actual investment in sustainability and infrastructure improvements than just a bunch of corporate handouts 💸. And have you seen the size of that £1 billion injection? That's like throwing a handful of money at a massive problem and expecting it to magically disappear 🌪️.
 
OMG, this is some crazy news! I'm loving that Castle Water is stepping up with an offer of £1bn more than their rival proposal 🤑. It's about time someone took charge of Thames Water's debt issues - all this debt is crazy talk 💸. And I gotta say, Reynolds' plan to tackle pollution and invest in infrastructure makes total sense 🌎. It's like, you can't just paper over problems with £4 billion (no matter how nice the billionaire family is 😊). We need real change here! A bit of goodwill from Castle Water would be a good starting point 💕.
 
I think Castle Water is a total game changer for Thames Water. That £1bn cash injection is massive 💸💧! They're taking a huge risk but I'm all for it. We can't keep putting off tackling pollution issues, it's time for bold action 🌪️. Reynolds seems like the right guy to lead this charge, his focus on Mogden sewage works is on point 🚽. Let's hope creditors see sense and back Castle Water's proposal, it could be a turning point for Thames Water 🤞
 
🤔 gotta say, Castle Water's £1bn cash injection offer is pretty interesting... i mean, it's no surprise they'd want to put more money into Thames Water since pollution concerns are pretty major 🌿💦. Reynolds' approach seems way more viable than the current plan, which is basically just about writing off debt without addressing the root issues 💸🚮. Investing upfront would definitely help tackle those aging sewage works and make a real difference for customers 👍. Plus, it's good to see some fresh blood in the water retail scene - Graham Edwards seems like a solid addition 🤑. Fingers crossed it all goes through and we get a more sustainable future for Thames Water 💚
 
I'm thinkin', what's the real cost of cheap fixes? Castle Water's £1 billion cash injection is like givin' Thames Water a lifeline, but let's not forget, that's money that could've been used to fix the problem in the first place 🤑🌿. We gotta ask ourselves, how much is pollution worth? The truth is, it's priceless. But if we're gonna invest in the future, we need to be willing to put our money where our mouth is 💸💪. This bid might just be the wake-up call Thames Water needs to get its act together and start takin' care of its customers and the environment 🌈👏.
 
I mean, think about it... they're gonna pump in another £1bn on top of what Castle Water already offered 🤑. It just seems like a never-ending cycle of throwing money at the problem. I'm not convinced this will even make a difference, tbh 💧. What's the real plan here? Are we just going to keep band-aiding Thames Water till it can't take any more hits? 🤔 The creditors' proposal was already pretty questionable... how much of that £17 billion in debt are they actually gonna let Thames Water pay back? 📉
 
OMG 🤯, I'm literally loving this twist! Castle Water making an offer that's way bigger than expected? That's what we need, a company willing to put their money where their mouth is (or should I say, where their water bottles are 😉). £1bn more investment than the other bidders? That's gonna make all the difference in addressing those pollution issues. And Reynolds' quote "no one wants a restructuring that does not stick" gives me LIFE 💪. We need bold action and not just band-aid solutions. The Mogden sewage works are a total nightmare 🚽, let's get that sorted ASAP! I'm rooting for Castle Water all the way!
 
🤔 The bigger picture here is that whoever takes control of Thames Water is gonna have to tackle some serious environmental issues... like, have you seen the state of those sewage works in west London? 🚽 It's not pretty. But I think it's cool that Castle Water is willing to step up and put more money into solving these problems. £1 billion more than what the other bidder is offering is a big deal. The question is, can they actually make good on this promise and turn Thames Water around? 💸
 
🤔 what do you think about this new bid from Castle Water? I mean, £1bn more than what their rivals are offering? it's like they're saying "we'll fix Thames Water's problems and we won't just write them off" 🚽💧. I'm not sure if this is a good thing for the customers tho, 'cause if Castle Water takes over, who knows how things will change? still, at least they're putting up some serious cash to tackle those pollution issues... fingers crossed it works out 💪
 
I'm not sure I buy into this £1bn cash injection thing... sounds like just another way for Castle Water to get their hands on Thames Water's finances 🤑. They're basically trying to strong-arm creditors into agreeing with them, which seems pretty shady to me. What really needs to happen is some serious reform and accountability from the water company itself - they've got a lot of explaining to do before I start cheering about more investment 💧.
 
I don’t usually comment but I think it’s kinda wild that Castle Water is willing to throw an extra £1 billion into the Thames Water deal 🤑. Their approach seems way more forward-thinking than just writing off debt and letting creditors take control 🚫. Reynolds sounds like a legit leader who actually cares about tackling the environmental issues, not just going through the motions 💦. If we want Thames Water to be a reliable and responsible provider for its customers again, I think this kind of bold investment is exactly what they need 💪. Fingers crossed it works out 🤞!
 
omg i'm loving this news!!! castle water's £1bn cash injection offer is exactly what thames water needs right now 🤑💸 they're on the right track by focusing on tackling pollution issues and investing in infrastructure improvements 💚🌿 it's amazing to see a company putting its money where its mouth is and taking bold action to address their environmental crisis 😊 plus, it'll be awesome to see john reynolds' vision for thames water's future become a reality 🎉
 
🤔 so i was reading about this and it got me thinking... why is it always the same old story with these utility companies? like they get into debt and then creditors just wanna write it all off and let them slide. but what about the people affected by their mistakes? 🌿💧 Thames Water is a total mess, and now this new bidder is trying to put in £1 billion more than anyone else... sounds like a sweet deal to me! 🤑 but at the same time, are they really gonna use that money to fix the problems or just keep pouring it into their pockets? 🤷‍♀️
 
OMG, like this is SO interesting! 🤯 Castle Water just dropped a £1bn cash injection offer for Thames Water, which is literally a game-changer! 💸 I mean, who wouldn't want to invest in a company that's all about tackling pollution and environmental issues? 🌎 John Reynolds' approach is super bold and refreshing - no more playing it safe with debt write-offs. He wants to get upfront and tackle the problems head-on, which is SO necessary for a company like Thames Water that's struggling. 💪 The fact that this offer puts them ahead of their rival proposal is just, wow! 💥 Now we'll see if it all goes down without any bumps - fingers crossed for Thames Water! 🤞
 
🤔 so I think Castle Water's offer is kinda cool... I mean who doesn't want £1bn just dropped on Thames Water? 💸 It's like they're saying "hey we know you've got some debt problems, let us help" and also wanting to make sure they fix all that pollution stuff ASAP. 🌿💧 The Mogden sewage works are seriously old, it makes sense to upgrade them. And I'm not surprised it's the Pears family backing this deal, they seem like a pretty savvy bunch. But still, £4 billion last year was a decent offer too... guess you just have to weigh up what's best for Thames Water and all its customers. 🤷‍♂️
 
I think Castle Water is making a solid move here 🤑💰 their £1 billion cash injection offer is exactly what Thames Water needs to get back on track...I mean who doesn't want to invest in fixing those dodgy sewage works at Mogden? It's about time someone took charge and put some real money behind the problems. I'd rather have a company that's willing to put up the cash upfront than try to stick it out with a piecemeal approach like the current creditors are proposing...it's just going to take years for them to sort it out, but Castle Water is offering hope 🌟
 
omg i just saw this news about castle water bidding on thames water 🤯 what's up with the creditors being all like "write off debt and ignore pollution" tho?! doesn't that sound super sketchy? 💔 i think reynolds has a point, investment upfront is key to fixing these problems. £1 billion more than their rival bid is def a big incentive for them to take on the challenge 🤑 and 16 million customers gotta be worried about the state of thames water. hope castle water can deliver 🤞
 
You must log in or register to reply here.
Back
Top