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.