Thames Water picks US private equity firm KKR as preferred buyerThames Water has picked US private equity giant KKR as its "preferred partner" t...
Published on by Water Network Research, Official research team of The Water Network
Thames Water has picked US private equity giant KKR as its "preferred partner" to buy the troubled water utility firm.
The planned investment by KKR would help it deal with its mountain of debt, and Thames is aiming for the transaction to be completed in the second half of this year.
Thames Water, the UK's largest water company, started to look for new investment last year after fears emerged that it could collapse or face nationalisation.
The firm has been heavily criticised for sewage spills, and is also struggling to fix leaks and modernise outdated infrastructure.
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https://www.bbc.com/news/articles/crldrylyy9do?utm_campaign=Waterline%20Newsletter&utm_medium=email&_hsenc=p2ANqtz-_S7adGb6BdKYM6vyLQ3oJ-Q_JeWnNUpWTARsCSCQeoVNfb3CuUHRBQ72MlwNy0pVZl5Qfr0R0HkFAXLsyDw6mh3UaJ4Q&_hsmi=355791638&utm_content=355795807&utm_source=hs_email&hsCtaTracking=b0d76d7a-17f1-49f2-b8de-e11bde0d9d12%7C9639cafd-7181-416d-97fa-44cac29723f0Taxonomy
- IT
- Water Utility
- Private Water Supply
- Domestic Water Use