economy
Investors tell Thames Water to ‘eat humble pie’ over failed takeover and open bids
CK Infrastructure says watchdog should intervene to let other firms bid after KKR pulled out
TL;DR
- CK Infrastructure (CKI) wants Thames Water to allow new bids after a previous takeover by KKR failed.
- CKI co-managing director Andrew Hunter expressed frustration at being excluded from the bidding process.
- Thames Water is struggling with £17.6bn in debt and is negotiating a £10bn rescue plan with creditors.
- CKI believes Ofwat should intervene to open up the bidding process.
- CKI has experience running Northumbrian Water and UK energy networks.
- Some MPs have raised concerns about CKI's links to China, which Hunter disputes.