News

UK's Thames Water Set for Over $13.5 Billion Rescue Deal by Silver Point and Elliott, Bloomberg News Reports
(Reuters) -U.S. investment firms Silver Point Capital and Elliott Management are formulating a 10-billion-pound-plus ($13.53 ...
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MP calls for special administration for Thames Water
An MP has called for water company Thames Water to be placed into special administration. Alex Brewer, the Liberal Democrat MP for North East Hampshire, says the move is necessary to protect customers ...
Thames Water's future in doubt after investor pulls out
The setback increases the possibility that the company will collapse into a government-supervised administration.
Thames Water creditors see a 'short and closing window' to rescue company
Thames Water's senior creditors said there was a "short and closing window" for a market-led rescue of the water company ...
Thames Water customers risk £230 rise in bills as rescue deal collapses
Thames Water customers face the prospect of a £230 jump in their annual bills to help secure its future, after a potential ...
Thames Water Needs £10 Billion Under Elliott, Silver Point Plan
Funds including Silver Point Capital and Elliott Management are working on a rescue plan for British utility Thames Water that would total more than £10 billion ($13.5 billion), according to people ...
US private equity firm KKR drops bid to buy troubled British utility Thames Water
British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company.
How Labour attacks and a record fine drove Thames Water to the brink
A week later, Ofwat, the industry regulator, announced it was hitting Thames with a record £123m in fines for sewage spills ...
Thames Water faces weeks of uncertainty as watchdog reviews £4bn creditor plan
Senior bondholders propose injecting equity to match KKR’s defunct bid but plan needs approval from Ofwat and courts ...
Homeowner receives £30 compensation after repeated sewage floods from Thames Water site
A homeowner in Hawley, near Gatwick, says he’s been left frustrated and disheartened after receiving just £30 in compensation ...
Thames Water’s Preferred Bidder KKR Drops Out of Rescue Deal
Thames Water’s preferred bidder KKR & Co. has pulled out of a rescue deal in a major setback for the utility. The US ...
Thames Water’s financial options are narrowing
When one has manoeuvred oneself into a corner, frantic wriggling only causes further scrapes. That could reasonably describe ...