UK's Thames Water says liquidity lifeline effective
Britain's Thames Water said the court-approved debt lifeline of 3 billion pounds would come into effect on Friday, warding off a collapse of the country's biggest water supplier. The company will proceed with the initial implementation steps of the liquidity extension plan.
U.S. Fund KKR Proposes £4 Billion Lifeline to Revive Thames Water
Global investment firm KKR (KKR) is reportedly looking to pump £4 billion ($5 billion) into Thames Water, the UK’s biggest water supplier,
Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
UK's Thames Water wins approval for 3 billion pound debt lifeline
Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the collapse and state rescue of the country's biggest water supplier.
U.S. fund KKR makes £4 billion management-buyout bid for UK's Thames Water
Private equity fund KKR is offering £4 billion to take control of struggling utility Thames Water in the UK, according to a person familiar with the matter.
Hong Kong bidder targets troubled Thames Water
A major Hong Kong investor has lodged a £7bn bid to take a majority stake in Thames Water. CK Infrastructure, part of Li Ka-Shing's CK Hutchison conglomerate, submitted the offer earlier this month, according to the Financial Times. The US private equity group KKR has made a separate £4billion bid for a majority stake, it emerged this week.
Thames Water: debt lifeline provides relief but challenges remain
Thames Water, Britain's biggest water supplier with 16 million customers, secured a 3 billion pound debt lifeline on Tuesday, warding off nationalisation and giving it time to sort out its finances, boosting its chances of survival.
Thames Water receives £7bn bid from Hong Kong’s CK Infrastructure
Hong Kong’s CK Infrastructure has made a preliminary £7bn bid to take a majority stake in Thames Water, while indicating that it would require the troubled utility’s bondholders to take significant haircuts.
Judge blasts Thames Water as financial cliff-edge deadline looms
Campaigners protesting against the Thames Water bail-out at the High Court (REUTERS) Thames Water has been criticised by a ...
KKR offers $5B for majority stake in Thames Water, Bloomberg says
KKR (KKR) offered to inject $5B into Thames Water for a majority stake, Priscila Azevedo Rocha, Dinesh Nair and Giulia ...
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Thames Water creditors lose alternative restructure plan bid
An alternative plan to restructure Thames Water cannot be put to creditors for approval, a High Court judge has ruled.
Thames Water Bidder Covalis to Partner With Octopus Energy Unit
Covalis Capital is partnering with Octopus Energy Group’s technology arm, Kraken, to help manage Thames Water’s 16 million ...
UK's Thames Water wins court approval for 3 billion pound debt lifeline
Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the ...
Thames Water: Customer's complaint about struggling firm
A woman left without water for more than three days has criticised Thames Water's "greedy" plan to increase charges.