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Trump Donor Paul Singer Gains from Thames Water Deal

5/20/2026

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Summary

Story summary

Paul Singer, a donor to U.S. President Donald Trump, will profit from a Thames Water takeover.
The UK government, creditors and Elliott Investment Management are negotiating a rescue package for Thames Water, which carries £17.6 billion debt and may add a £3 billion loan with 9.75% interest.
Andy Burnham and MP Clive Lewis condemned the deal as a vulture-capitalist takeover, urged public ownership and criticised Ofwat for private-equity dominance of water firms.

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Story summary

Paul Singer, a donor to U.S. President Donald Trump, will profit from a Thames Water takeover.
The UK government, creditors and Elliott Investment Management are negotiating a rescue package for Thames Water, which carries £17.6 billion debt and may add a £3 billion loan with 9.75% interest.
Andy Burnham and MP Clive Lewis condemned the deal as a vulture-capitalist takeover, urged public ownership and criticised Ofwat for private-equity dominance of water firms.