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Struggling Thames Water receives £5bn buyout offer from Covalis

The Guardian by BQ3A-News on The Guardian 21 views
Struggling Thames Water receives £5bn buyout offer from Covalis

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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…

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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 23:03:39

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Tags : The Guardian

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