Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake
The US private equity group KKR has pulled out of a deal to inject fresh equity into Thames Water, leaving the troubled supplier’s future in doubt and increasing the prospects of a temporary nationalisation.
The UK’s biggest water supplier had picked KKR as its preferred partner, but the company “indicated that it will not be in a position to proceed”, Thames Water said.
Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stakeWater industry in England and Wales needs ‘fundamental reset’Business live – latest updatesThe US private equity group KKR has pulled out of a deal to inject fresh equity into Thames Water, leaving the troubled supplier’s future in doubt and increasing the prospects of a temporary nationalisation.The UK’s biggest water supplier had picked KKR as its preferred partner, but the company “indicated that it will not be in a position to proceed”, Thames Water said. Continue reading… Thames Water, Utilities, Business, UK news, Water industry, Water, Environment Business | The Guardian
