£150 million leaks fiasco hits Thames sale
- From: Vol 7, Issue 7 (July 2006)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Babcock & Brown, BNP Paribas, Cheung Kong Group, Macquarie Bank, RWE/Thames (Water) and Terra Firma
With relations between the water company and its regulator at an all-time low, potential buyers are worried about the outlook for Thames.
Ofwat’s decision to force Thames Water to spend an extra £150 million on replacing its leaking pipes is certain to lower the price potential buyers are prepared to pay for the company – and could even lead its German owner RWE to postpone the sale.
As Thames’ relationship with the regulator has reached an all-time low, RWE’s options seem ...
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