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Incoming UK PM Burnham’s battle with Wall Street over Thames Water risks a GBP 20bln bill, reports The Telegraph

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PM Burnham faces a GBP 20bn bill to nationalize Thames Water, as hedge funds holding GBP 17bn in debt threaten long-term litigation unless full compensation or a compromise is reached.

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If he attempts to nationalise Thames Water, industry sources warn that he risks a significant backlash from hedge funds that have spent the last two years trying to seize control of it.

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