Loss came after decision to write off 8.7% equity stake in water company moving closer towards nationalisation
The BT pension scheme lost £300m after writing off its holding in Thames Water, the UK’s largest water company that is buckling under a £20bn debt pile.
The loss came after the telecoms company’s decision to write off its 8.7% equity stake in Thames in 2024, according to a presentation to analysts captured in a video, in news first reported by the Financial Times.
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