Thames sale options narrow
- From: Vol 7, Issue 5 (May 2006)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Deutsche Bank, Fitch, Goldman Sachs, RWE/Thames (Water), Severn Trent Water, Terra Firma and United Utilities
High leverage and outsourced operations make an attractive option for RWE as it contemplates the sale of its water interests. But are the risks too much for the regulator?
RWE looks set to sell Thames Water to a consortium of financial buyers in a highly leveraged transaction that may run into objections from the industry regulator.
Harry Roels, RWE’s chief executive, told his shareholders at their annual meeting on 13 April that the RWE board would decide whether to float the company or sell it by the end ...
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