Hints and tips:
...As has been discussed at length here and elsewhere, Thames Water’s regulatory assets are ringfenced within the operating company so the buck stops for investors at holding-company level....
...The new plan would also ensure that the opco creditors have a representative on the creditors’ committee, which the group has said is too heavily weighted toward bondholders....
...Day to day, the new Spanish and British opco holding companies will have to wield their votes in the interest of their national teams....
...Mr Walsh will be chief executive of the Spanish parent holding company, TopCo, in which BA investors will initially have 55 per cent to Iberia’s 45 per cent....
...What is not yet clear, as the money was paid to the FDIC and neither WaMu Inc nor WaMu opcos, is whether it will be shared around both holdco and opco senior or just the opcos, as that is what was bought...
...This is called an “opco/propco” structure and is favoured by private equity groups buying assets with large property holdings....
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