KKR has made a significant bid of £4 billion for a majority stake in Thames Water, coinciding with a critical financial juncture for the utility. Other firms like Castle Water and CK Infrastructure are also competing. Following a court ruling enabling Thames Water to raise significant debt, the company is under pressure to manage mounting legal and financial costs. Justice Leech noted the public's likely confusion and concern over these expenses while indicating that creditors would shoulder these financial burdens rather than customers, exemplifying the tough landscape Thames Water operates within.
The recent developments surrounding Thames Water highlight the urgency of restructuring for utilities. Customers are not only burdened with high costs but also face uncertainty in service.
KKR's bid of £4 billion reflects confidence in Thames Water's potential, emphasizing the importance of maintaining integrity and functionality amidst financial turmoil.
Collection
[
|
...
]