Thames Water picks US private equity firm KKR as preferred buyer
Source: BBC
Thames Water has picked US private equity giant KKR as its "preferred partner" to buy the troubled water utility firm.The planned investment by KKR would help it deal with its mountain of debt, and Thames is aiming for the transaction to be completed in the second half of this year.Thames Water started to look for investment last year after its shareholders at the time said the business was "investable".The firm…
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