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

Summary by Reuters

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.

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

2 months ago·United Kingdom

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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…

2 months ago·New Delhi, India

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Financial Times

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

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

2 months ago·London, United Kingdom

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Private Equity Wire

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 …

2 months ago

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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...

2 months ago

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Macau Business

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…

2 months ago

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