Abu Dhabi's sovereign wealth fund, one of the largest shareholders in Thames Water, has written off its nearly 9.9% stake in the troubled British utility, the Financial Times reported on Tuesday.

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Abu Dhabi wealth fund writes off 9.9% stake in struggling Thames Water, FT reports

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A group represented by Jefferies, comprising 100 individual investors, held face-to-face talks with the water watchdog on Tuesday in a bid to keep the company out of state ownership, Sky News learns.

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THAMES WATER-STAKE/ (UPDATE 1):UPDATE 1-Abu Dhabi wealth fund writes off 9.9% stake in struggling Thames Water, FT reports

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Abu Dhabi's sovereign wealth fund has written off its nearly 9.9% stake in Thames Water, citing a challenging regulatory environment and poor operational performance. The write-off comes amid substantial debts and infrastructure issues faced by the British utility. Thames Water also faces credit downgrades, increasing the likelihood of state intervention.

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Crisis Deepens as Abu Dhabi Fund Writes Off Stake in Thames Water

Writedown comes as UK government is hoping to attract institutional investors

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Abu Dhabi writes off 9.9% stake in Thames Water

The UAE’s largest sovereign wealth fund, ADIA, has written off its investment in Thames Water, the UK’s largest water provider, a news report said. The entire investment value in Thames Water has been written down because of the “challenging regulatory environment and operational performance”, the Financial Times reported, citing an account filing by Infinity Investments, a Luxembourg-registered subsidiary of ADIA – the Abu Dhabi Investment Auth…

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ADIA writes off investment in Thames Water

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Abu Dhabi’s sovereign wealth fund has written off its investment in Thames Water in a blow to the Labour government as it gears up to host a summit designed to attract big institutional investors to […]

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Abu Dhabi wealth fund writes off 9.9% stake in struggling Thames Water, FT reports

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