Thames Water Creditors Hire Lawyers as Nationalisation Threat Looms

Thames Water's creditors — 100 institutional investors holding £17bn of debt, including Apollo, Elliott, and Farallon — have retained Pallas Partners and Akin Gump to prepare for a potential legal fight if the government nationalises the utility. Andy Burnham, who advocates "greater public control" of the company serving 16 million customers, represents that threat.