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CKI HOLDINGS Initially Proposes GBP7B Acquisition of Thames Water's Majority Stake: Wire
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Thames Water, mired in financial difficulties, has received an initial acquisition proposal from CKI HOLDINGS (01038.HK) for the company's majority stake, involving an amount of GBP7 billion (around US$8.86 billion), according to recent foreign media reports. Facing GBP18 billion in debt, Thames Water recently received court approval for GBP3 billion in debt assistance from major creditors to save the company from bankruptcy and a government bailout. AAStocks Financial News |
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