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(Reuters) -U.S. investment firms Silver Point Capital and Elliott Management are formulating a 10-billion-pound-plus ($13.53 billion) rescue package for Britain's Thames Water, Bloomberg News ...
The ramp-up in borrowing for Thames Water under its previous owners, Macquarie, an Australian investment firm, was especially stark.
Thames Water suffered a major setback in its fight to avoid nationalisation on Tuesday as it said U.S. private equity firm KKR had pulled out of a multi-billion pound rescue plan.
LONDON (AP) — British water and sewage utility Thames Water said Tuesday that a U.S. investment firm has dropped a rescue bid for the debt-burdened company. Thames Water said private equity ...
The water company said KKR’s decision not to proceed with the equity raised the prospect of nationalization.
Thames Water has been dealt yet another blow, after US private equity firm KKR pulled out of plans to invest in the heavily indebted supplier. KKR had been chosen by the embattled water company as ...
Thames Water’s preferred bidder KKR & Co. has pulled out of a rescue deal in a major setback for the utility.
British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company.
KKR pulls out as a bidder for Thames Water, leaving the company in a challenging financial situation with senior creditors.
Thames Water has “withdrawn” plans to pay senior bosses large bonuses linked to the water company securing a £3 billion emergency loan, Environment Secretary Steve Reed has said.