Thames Water - comment
The temperature in the Kemble Board room is rising as existing members of the boards of Thames Water (Kemble) Finance and Kemble Water Finance Limited have resigned. Their replacements include restructuring experts Paul O’Donnell and Nick Pike. The entry of professionals along with the hiring of Freshfields Bruckhaus Deringer by a group of creditors demonstrates that negotiations between the various stakeholders are going to accelerate in the summer. Watch this space...