Thames Water creditors eye board shake-up if takeover plan succeeds

The consortium attempting to take control of Thames Water has named three proposed directors with water, infrastructure and Whitehall experience as it tries to win government approval for a deal to bail out the troubled utility.

The group of creditors vying to take control of Thames Water has said it will appoint the former bosses of Yorkshire Water and BT Openreach to the utility’s board should it succeed in fending off nationalisation by the government. The London & Valley Water (L&VW) consortium,…