Billionaire Trump donor in line to make millions from Thames Water bid
Thames Water is in negotiations with creditors to avoid collapse, with billionaire Paul Singer poised to profit from the deal. The company has accumulated a significant debt of £17.6 billion since its privatization. Critics are concerned that the proposed takeover could lead to negative consequences for environmental standards and public control over essential resources.
- ▪Thames Water has built up a £17.6 billion debt pile over decades since its privatization.
- ▪Paul Singer, a billionaire and Trump donor, is involved in a consortium attempting to take over Thames Water.
- ▪Critics argue that the deal could allow Thames to continue polluting without accountability.
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Thames Water has built up a £17.6bn debt pile in the decades after its privatisation. Photograph: Mina Kim/ReutersView image in fullscreenThames Water has built up a £17.6bn debt pile in the decades after its privatisation. Photograph: Mina Kim/ReutersThames WaterBillionaire Trump donor in line to make millions from Thames Water bidPaul Singer is founder of a leading creditor in the hedge fund consortium locked in talks with the UK governmentHelena Horton and Sandra LavilleTue 19 May 2026 13.05 EDTLast modified on Tue 19 May 2026 13.06 EDTSharePrefer the Guardian on GoogleA billionaire Donald Trump donor could make millions from a deal being struck between the government and Thames Water.The UK’s largest water company, ministers and creditors are locked in a stalemate as they try to agree…
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