Thames Water picks US private equity firm KKR as preferred buyer
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.
https://www.bbc.co.uk/news/articles/crldrylyy9doOpen linkView original on feddit.uk
6 replies
Hopefully this should be blocked to prevent a hostile foreign state from owning and controlling core infrastructure, on the grounds of national security. 🤞
What's that? A flying pig?
Next you'll be trying to tell me the Saudis might not have UK ideals at heart!
You've convinced me. That does sound like a UK Government ideal.
KKR will "help it deal with its mountain of debt". How nice of them to not expect anything in return!
Executive and board compensation as a result of any deal of this nature should be public information.