--Hong Kong's CK Infrastructure submitted a preliminary offer for a majority stake in debt-laden utility Thames Water earlier this month, The Financial Times reports, citing two people familiar with the matter.
--CK Infrastructure, part of CK Hutchison group, said it would be willing to inject 7 billion pounds ($8.87 billion) of equity to mitigate Thames Water's debt burden, but would require bondholders of the company's debt to accept significant writedowns, the individuals added, according to The Financial Times.
--CK Infrastructure's 75% stake in another regional water monopoly means a potential deal with Thames Water may cause issues with competition regulators, The Financial Times reports.
--Thames Water declined the FT's request for comment. A representative for CKI did not immediately respond to a FT request for comment.
Full story: https://bit.ly/3EPP9FZ
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
February 21, 2025 11:45 ET (16:45 GMT)
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