Thames Water’s CFO Sees Adviser Fees Breaching £200 Million (1)

Thames Water will likely end up paying around £200 million ($250 million) to advisers by the middle of this year, as the firm looks to find an equity investor and cut its liabilities.

The struggling utility, which supplies almost a quarter of the UK with water and sewage services, has already paid a sum between £100 million and £120 million to advisers looking to either help the firm shed debt or find a new owner, Chief Financial Officer Alastair Cochran told a London court on Tuesday. The company also expects to pay out another £90 million to such advisers over ...