Thames Water is facing a severe financial crisis, with estimates suggesting it may need between £6 billion to £10 billion in debt and equity investments to restore its stability. Recently presented evidence in London's high court indicated that the company is in desperate need of emergency funding, threatening the provision of water services to about 16 million people if it were to collapse. High advisory costs and increased public dissatisfaction over service issues, like sewage pollution, elevate urgency for a potential temporary nationalization by the government.
The business is going to need a recapitalization somewhere in the region of 6bn to 10bn.
The funding crisis has put pressure on the government to go ahead with a temporary nationalization.
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