Struggling Thames Water receives £5bn buyout offer from Covalis
Deal would result in France’s Suez Group being brought in to manage restructure of water companyBusiness live – latest updatesEmbattled Thames Water has received a £5bn bid from Covalis Capital that would result in France’s Suez Group being brought in to manage a restructure of the UK’s largest water company.The infrastructure investor Covalis Capital has submitted a bid for Thames Water, which has been on the verge of collapse for several months as it struggles with a £19bn debt pile. Continue reading...
Deal would result in France’s Suez Group being brought in to manage restructure of water company
Embattled Thames Water has received a £5bn bid from Covalis Capital that would result in France’s Suez Group being brought in to manage a restructure of the UK’s largest water company.
The infrastructure investor Covalis Capital has submitted a bid for Thames Water, which has been on the verge of collapse for several months as it struggles with a £19bn debt pile. Continue reading...
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