Submitted 3 weeks ago by borusa@feddit.uk to unitedkingdom@feddit.uk
https://www.bbc.co.uk/news/articles/crldrylyy9do
Thames Water has picked US private equity giant KKR as its “preferred partner” to buy the troubled water utility firm.
The planned investment by KKR would help it deal with its mountain of debt, and Thames is aiming for the transaction to be completed in the second half of this year.
KKR will “help it deal with its mountain of debt”. How nice of them to not expect anything in return!
This is sure to end well for all parties involved
Executive and board compensation as a result of any deal of this nature should be public information.
Executive and board compensation as a result of any deal of this nature should be public money.
I’m going to need private equity backing to be able to afford my Thames water bill then.
frazorth@feddit.uk 3 weeks ago
Hopefully this should be blocked to prevent a hostile foreign state from owning and controlling core infrastructure, on the grounds of national security. 🤞
What’s that? A flying pig?
Zip2@feddit.uk 3 weeks ago
I think that pig flew a long, long time ago.
frazorth@feddit.uk 3 weeks ago
Next you’ll be trying to tell me the Saudis might not have UK ideals at heart!