Thames Water weighs last-minute rescue backed by ex-Lib Dem peer

Thames Water Rejects Peer’s Last-Ditch Offer to Fix its Finances

Thames Water dismissed a last-minute proposal from a British hereditary peer to fix its finances and fend off nationalization, opting instead to stick with the creditor-led rescue plan.

Thames Water weighs last-minute rescue backed by ex-Lib Dem peer

Water Retail Company CEO Rupert Redesdale preparing proposal for utility with Muinín Holdings

Thames Water has several alternative options for a bidder, including a possible rescue bid backed by ex-Lib Dem peer - Water Magazine

Thames Water has confirmed it has several alternative options for a possible rescue, following the withdrawal of KKR as preferred bidder last month. KKR had agreed to inject £4 billion into Thames Water, but the New York based equity firm decided not to proceed with the investment. After KKR’s withdrawal, the Senior Bondholders became the sole bidder, offering a £5 bn rescue plan, but it was contingent on regulatory concessions and liability imm…