KKR Interested in Thames Water Share Sale, Sky News Reports
(Bloomberg) -- KKR & Co is among investors in talks about participating in a Thames Water Utilities Ltd. share sale, Sky News reported.
Thames Water adviser Rothschild & Co. is running a process to raise about £3 billion ($3.9 billion), with KKR among those which had accessed a data room for potential investors, according to Sky. The investment firm declined to comment to Sky.
Other investors that have expressed interest in newly issued shares in Thames Water include Carlyle Group Inc. and Castle Water Ltd.
Thames Water, the UK’s largest water and sewage operator, started last month a process to raise the equity it needs to stay afloat. It also unveiled a plan Friday seeking to raise up to £3 billion from some of its creditors.
©2024 Bloomberg L.P.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More utilities news
NMDC Energy reports robust growth with 75% revenue increase in first quarter
Crippling Power Outage in Spain Likely Caused by Generation Loss
Japan’s Top Gas Importer Considers Buying From Alaska LNG
China Approves 10 New Reactors in Nuclear Power Ramp-Up
Borouge announces strategic expansion to boost production capacity
BW Group and Nordea Bank sign largest ever battery storage financing in the Nordics
Eni and UK to go ahead with flagship carbon capture project in Liverpool
Vestas Warns UK Wind-Auction Change Threatens Factory Investment
Valero Energy reports first-quarter loss amid challenging market conditions
