Thames Water

The incoming Prime Minister, Andy Burnham, is reportedly poised to place Thames Water into special administration, a move that could result in a £2bn bill for the taxpayer to sustain the utility until a suitable buyer is identified.

Summary of transaction details:

• Value: An estimated £2bn taxpayer bill to fund the administration.
• Sector: Utilities & Infrastructure (Water Supply)
• Advisor: Not mentioned
• Key Entities: Thames Water (Target), UK Government (Taxpayer - Funding/Intervention)
• Location: United Kingdom

Note: This action is framed as an unprecedented intervention to ensure the continuity of essential water services and to address the financial distress of Thames Water, with a long-term goal of securing a viable ownership structure.