London: Castle Water has re-emerged with a strengthened proposal to acquire Thames Water, Britain’s largest water utility, offering a cash infusion of at least £1 billion beyond the company’s existing restructuring plan, according to reports from the Financial Times. The renewed bid comes at a critical moment for Thames Water, which has been grappling with mounting debt, regulatory scrutiny, and the looming threat of special administration or potential nationalization.

Thames Water, serving around 15 to 16 million customers across the United Kingdom, has faced years of financial strain. Its challenges include tens of billions in accumulated debt, regulatory pressure from Ofwat over infrastructure and wastewater management failures, and operational difficulties exacerbated by previous bi

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