BT pension scheme lost £300m on Thames Water stake
AI Summary
The BT pension scheme took a significant £300m hit due to writing off its 8.7% stake in Thames Water, the UK's largest water company, which is struggling under a massive £20bn debt. This decision comes as Thames Water edges closer to nationalization, highlighting the financial strain on private equity holdings in critical national infrastructure. This loss underscores the broader implications for pension funds and the potential long-term risks tied to investments in heavily indebted companies.
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