KKR & Co Inc (KKR) is in talks with Thames Water and its advisers about taking part in a 3 billion British pound ($3.89 billion) investment in the UK utility, Sky News reported Saturday, citing unnamed London sources.

KKR was among a handful of potential investors that accessed a data room overseen by investment bank Rothschild, the report said.

Thames Water is saddled with as much as 19 billion pounds of debt, the report said.

Other potential investors include Carlyle Group (CG), BlackRock's (BLK) Global Infrastructure Partners, and Brookfield Asset Management (BAM), the report said.

KKR's decision depends to a degree on a determination by industry regulators on price hikes Thames Water is seeking and antitrust matters, the report said.

KKR did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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