Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

KKR exploring investment in Thames Water share plan, Sky News reports

admin by admin
November 2, 2024
in Stock
0
KKR exploring investment in Thames Water share plan, Sky News reports
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

(Reuters) -U.S. investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a 3 billion pounds ($3.88 billion) share sale which forms part of a wider recapitalisation plan, Sky News reported on Saturday.

Both Thames Water and KKR declined to comment.

Thames Water, which serves about 16 million people in and around London, is at the centre of a crisis over sewage dumping, crumbling pipe networks and huge debts.

The utility, Britain’s biggest water supplier, said in October it had lined up a financing lifeline of up to 3 billion pounds with some of its creditors in a deal which if approved will help it survive for another year at least.

KKR is among a small number of investors studying Thames Water’s finances with a view to supporting a rescue share sale, the report said, citing people familiar with the matter.

KKR’s decision hinges on a final determination by water regulator Ofwat which is due by January at the latest, according to the report. It was unclear which of KKR’s funds was participating in the Thames Water equity-raise, Sky News added.

However, one obstacle to KKR buying a big stake in Thames Water may be its 25% holding in Northumbrian Water, the report said.

Under Ofwat’s mergers regime, the Competition and Markets Authority would need to review the deal, although there would not be an automatic prohibition, Sky News said.

The British government has been on standby to place Thames Water into a special administration regime given the risk of a financial collapse.

($1 = 0.7736 pounds)

This post appeared first on investing.com

Previous Post

US agency settles with Chicago mortgage firm over racial discrimination claims

Next Post

US elections and tariff implications on transport stocks

admin

admin

Next Post
US elections and tariff implications on transport stocks

US elections and tariff implications on transport stocks

Trending News

Exclusive-Fed’s Barr seeks legal advice amid speculation Trump might remove him, sources say

Exclusive-Fed’s Barr seeks legal advice amid speculation Trump might remove him, sources say

December 21, 2024
Oil shipping rates skyrocket as US sanctions tighten global tanker market

Oil shipping rates skyrocket as US sanctions tighten global tanker market

January 14, 2025
Gap stock soars 15% on strong holiday sales, raised forecast

Gap stock soars 15% on strong holiday sales, raised forecast

November 22, 2024
Subscribe to Insightful Word


    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025
    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    June 26, 2025
    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    June 26, 2025

    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025

    Latest News

    • S&P 500 nears record high despite headwinds: key drivers behind the surprise rally
    • Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high
    • S&P 500 nears record high as Wall Street opens higher amid tech momentum

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.