Lenders and investors involved in a potential rescue of Thames Water are considering offering the UK government a “golden share” to help prevent nationalisation. Multiple outlets report that London & Valley Water (L&V), a consortium of institutional investors, is discussing changes to its proposed support package after concerns were raised by the incoming Burnham government about public control and accountability. The Financial Times says creditors plan to make an improved offer in an effort to avoid nationalisation. The BBC reports that the lenders’ move is aimed at preventing the company from being taken over by the government. The Guardian adds that the suggested structure would give the government veto rights over major decisions and potential hostile takeovers. The Independent and London Evening Standard report that L&V says it is making “material improvements” to a previous proposal described as around £10 billion. Yahoo Finance and Yahoo UK News also reference the “golden share” discussions, though additional details were not provided in the supplied excerpts. Overall, the coverage indicates that the government and the investors are negotiating deal terms intended to preserve private ownership while addressing political concerns about control of the UK’s biggest water company.