Thames Water's CEO has expressed concerns that splitting up the company could shift attention away from important issues like fixing leaks and sewage spills.

The utility, which is dealing with a large amount of debt, recently received a proposal from Covalis Capital. This proposal includes a plan to raise funds by selling off certain assets before potentially making the remaining business public.

As Thames Water faces increasing financial pressures, the focus remains on stabilizing operations and improving infrastructure. The ongoing challenges faced by the utility highlight the difficulties of managing essential services while also navigating financial restructuring efforts.