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CK Infrastructure in Hong Kong has made a preliminary offer of £ 7 billion to take over the majority stake in theater water, while indicating that it will require that the tormented bond owners take significant hairstyles in a useful service program.
Cki, part of CK Hutchison Group, filed an unpublished offer to take over Thames Water earlier this month, according to two people, I was introduced to this question.
Although CKI indicated that it would be ready to inject £ 7 billion pounds to repair the broken municipal balance of municipal services, his interest dependent on Thames Water bond owners is almost 20 billion debt, agreeing to significant writing, people added.
The majority proportion of CK Hutchison in the normumber water could also prove to be with a healing dots. The group does not want to dispel its 75 percent stake in another regional water monopoly, the people said, which can cause problems with competition regulators.
Thames Water received several unpublished bids earlier this month, including a rival offer of £ 4 billion from an American company for private capital KKR. The largest water utility service in the UK wants to raise billions of pounds in capital, while negotiating debt restructuring with his lenders in an attempt to avoid non -solvency.
Thames Water refused to comment. The CKI representative did not immediately respond to the comment request.
This is a development story
