EMBATTLED Thames Water is weighing up six takeover offers as it paused a price hike challenge.
Britain's biggest water supplier said it hopes to agree a deal by the end of June, and complete it by the end of September.
The six possible suitors have emerged since a fundraising process launched last summer, with Thames adding it has “since been conducting a detailed assessment of each proposal”.
“Discussions with relevant parties are ongoing, although there is no certainty that a binding equity proposal will be forthcoming or that any such proposals will be capable of being implemented,” Thames Water said. It came as the debt-ridden company revealed it had asked regulator Ofwat to delay referring a funding settlement challenge ...
Britain's biggest water supplier said it hopes to agree a deal by the end of June, and complete it by the end of September.
The six possible suitors have emerged since a fundraising process launched last summer, with Thames adding it has “since been conducting a detailed assessment of each proposal”.
“Discussions with relevant parties are ongoing, although there is no certainty that a binding equity proposal will be forthcoming or that any such proposals will be capable of being implemented,” Thames Water said. It came as the debt-ridden company revealed it had asked regulator Ofwat to delay referring a funding settlement challenge ...
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Daily Record (Digital) - 1 Issue, March 19, 2025