THE new boss of Thames Water said it was “nowhere near” nationalisation after investors put in £750million to shore up finances.
The debt-laden company has been blasted after the abrupt departure of its chief executive was followed by reports the Government could take control of it.
The situation is now less shaky after investors, including the UK’s university pension scheme, a Canadian pension scheme and Abu Dhabi and Chinese sovereign wealth funds, put in £750million.
But it is still less than the £1billion promised last year.
Cathryn Ross, chief executive of Thames Water, told The Sun: “We are nowhere near special administration.