Thames Water lenders plot legal fight with Burnham over nationalisation

Creditors attempting to rescue Thames Water remain confident in presenting a revised takeover proposal to Andy Burnham’s government. However, the London Valley Water consortium is simultaneously preparing legal contingency plans. This group of investors is plotting a multibillion pound legal battle if the government decides to forcibly nationalise Britain's largest water company. Despite these potential legal conflicts, sources indicate that the consortium still expects to engage with the new administration to secure a deal.