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"UK's biggest water company seeks court approval for emergency funding to prevent nationalization"
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"Thames Water, which serves 16 million customers in and around London, is facing financial difficulties and is seeking court approval for up to 3 billion pounds of emergency funding. The company has been criticized for its management and has been cited for illegal sewage spills. The proposed deal is opposed by smaller creditors who claim it is too expensive and favors bigger investors."
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