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Thames Water gets $9 billion bid from CK Infrastructure, FT reports

Summary by Reuters

Thames Water has received a preliminary 7 billion pound ($8.86 billion) bid from Hong Kong's CK Infrastructure for a majority stake, the Financial Times reported on Friday, citing people familiar with the matter.

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Channel News Asia

Thames Water gets $9 billion bid from CK Infrastructure, FT reports

13 hours ago·United Kingdom

Hong Kong Firm's $9 Billion Bid For Majority Stake In UK Water Supplier

A Hong Kong company has submitted an initial 7-billion pounds ($8.8 billion) bid for a majority stake in Thames Water, a heavily indebted UK water supplier, the Financial Times said Friday. CK Infrastructure, part of the CK Hutchison group, put forward the non-binding offer earlier this month, but expects the utility's bondholders to take significant writedowns, according to two people close to the issue. The news came after a UK court on Tuesda…

1 day ago·New Delhi, India

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Financial Times

Thames Water receives £7bn bid from Hong Kong’s CK Infrastructure

Deal would require debt-laden utility’s bondholders to take significant writedowns

2 days ago·London, United Kingdom

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Share Talk

According to the FT, CK Infrastructure has made a $9 billion bid for Thames Water.

Thames Water has received a preliminary £7 billion ($8.86 billion) bid from Hong Kong’s CK Infrastructure for a majority stake, according to a report by the Financial Times on Friday,Read More...

1 day ago

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Macau Business

Hong Kong firm makes £7 bn bid for Thames Water: report

A Hong Kong company has submitted an initial £7-billion ($8.8 billion) bid for a majority stake in Thames Water, a heavily indebted UK water supplier, the Financial Times said Friday. CK Infrastructure, part of the CK Hutchison group, put forward the non-binding offer earlier this month, but expects the utility’s bondholders to take significant writedowns, according to two people close to the issue. The news came after a UK court on Tuesday appr…

2 days ago

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City AM

Thames Water: Hong Kong's CK Infrastructure makes £7bn swoop

Hong Kong’s CKI Infrastructure has submitted a £7bn bid for a majority stake in the embattled utility Thames Water. The Financial Times reported CKI, which is part of the wider CK Hutchison group, made a non-binding offer for Thames earlier this month. CKI has indicated it would inject £7bn to ease the debt-laden company’s financial woes, but its interest is contingent on bondholders taking significant writedowns, according to sources. It comes …

2 days ago·London, United Kingdom

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