Thames Water preferred bidder KKR pulls out of rescue deal

Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stakeBusiness 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 has “indicated that it will not be in a position to proceed”, Thames Water said. Continue reading...

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