Reported 2 days ago
Thames Water announced that KKR has withdrawn from its multi-billion pound rescue plan, fueling fears that the utility may need to be nationalised to prevent financial collapse. With an overwhelming debt of £18 billion, Thames Water had relied on KKR's proposed £4 billion investment to stabilize its finances. The UK government is prepared to intervene if the situation deteriorates. Thames Water continues to face regulatory challenges and public criticism regarding its pollution issues and financial mismanagement.
Source: YAHOO