Britain's Thames Water said the court-approved debt lifeline of 3 billion pounds would come into effect on Friday, warding off a collapse of the country's biggest water supplier. The company will proceed with the initial implementation steps of the liquidity extension plan.

Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.

Global investment firm KKR (KKR) is reportedly looking to pump £4 billion ($5 billion) into Thames Water, the UK’s biggest water supplier,

Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the collapse and state rescue of the country's biggest water supplier.

Oxfordshire's water company Thames Water has won approval for a high-cost £3billion loan to save it from collapse, as an Oxfordshire MP hits out against it.

Once the debt has been slashed, the only long-term solution is full public ownership.’ Thames Water said it would completely run out of money by March 24 if it had not been g