Move would give government veto over big decisions and hostile takeovers, after Burnham’s call for greater public control
The group of investors pursuing a rescue bid for Thames Water have offered the government a “golden share” in a last-ditch attempt to convince Andy Burnham not to nationalise Britain’s biggest water company.
London & Valley Water (L&VW), a consortium of 100 institutional investors that hold £17bn of the company’s £21bn debt, said it recognised the new prime minister wanted greater public control and to strengthen the accountability of the water company.
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This article was originally published by The Guardian and written by Mark Sweney.
Read original article on The Guardian