Thames Water gets $9 billion bid from CK Infrastructure, FT reports

Thames Water gets $9 billion bid from CK Infrastructure, FT reports

Thames Water has received a preliminary 7 billion pound ($8.86 billion) bid from Hong Kong's CK Infrastructure for a majority stake, the Financial Times reported on Friday, citing people familiar with the matter.

Hong Kong Firm's $9 Billion Bid For Majority Stake In UK Water Supplier

A Hong Kong company has submitted an initial 7-billion pounds ($8.8 billion) bid for a majority stake in Thames Water, a heavily indebted UK water supplier, the Financial Times said Friday. CK Infrastructure, part of the CK Hutchison group, put forward the non-binding offer earlier this month, but expects the utility's bondholders to take significant writedowns, according to two people close to the issue. The news came after a UK court on Tuesda…

Thames Water receives £7bn bid from Hong Kong’s CK Infrastructure

Deal would require debt-laden utility’s bondholders to take significant writedowns

CK Infrastructure makes $9bn Thames water bid amid PE interest

Hong Kong-based CK Infrastructure has made a £7bn ($8.86bn) bid for a majority stake in troubled UK utility company Thames Water, in excess of a $5bn offer tabled by private equity giant KKR for the water supplier, according to a report by the Financial Times. The report cites unnamed sources as revealing that the proposal from CK Infrastructure – the largest publicly listed infrastructure company in Hong Kong – which was submitted earlier this …

According to the FT, CK Infrastructure has made a $9 billion bid for Thames Water.

Thames Water has received a preliminary £7 billion ($8.86 billion) bid from Hong Kong’s CK Infrastructure for a majority stake, according to a report by the Financial Times on Friday,Read More...

Hong Kong firm makes £7 bn bid for Thames Water: report

A Hong Kong company has submitted an initial £7-billion ($8.8 billion) bid for a majority stake in Thames Water, a heavily indebted UK water supplier, the Financial Times said Friday. CK Infrastructure, part of the CK Hutchison group, put forward the non-binding offer earlier this month, but expects the utility’s bondholders to take significant writedowns, according to two people close to the issue. The news came after a UK court on Tuesday appr…