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    The Guardian

    Struggling Thames Water receives £5bn buyout offer from Covalis

    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…



    Source link : https://www.theguardian.com/business/2024/dec/06/struggling-thames-water-receives-buyout-offer-from-covalis

    Author : Mark Sweney

    Publish date : 2024-12-06 23:03:00

    Copyright for syndicated content belongs to the linked Source.

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