Thames Water suffered a major setback in its fight to avoid nationalisation on Tuesday as it said U.S. private equity firm KKR had pulled out of a multi-billion pound rescue plan.

The setback increases the possibility that the company will collapse into a government-supervised administration.

Fifteen times a year, the sheer volume of waste water entering Thames Water's Mogden sewage works in southwest London ...

Thames Water’s preferred bidder KKR & Co. has pulled out of a rescue deal in a major setback for the utility.. The US alternative asset manager “will not be in a position to proceed, and its ...

Why KKR, which earned its Barbarians at the Gate reputation during the brutal takeover battle for biscuit maker RJR Nabisco in the late Eighties, walked away from the Thames Water fiasco it is not ...

British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company.

The government has "stepped up" preparations for the potential temporary nationalisation of Thames Water, the environment ...

Thames Water said KKR KKR 2.67 % increase; green up pointing triangle pulled out of an equity raise at the U.K. utility, creating uncertainty around its plan to stay afloat and raising the ...

The troubled utility is taking forward talks with ‘certain senior creditors’ on an alternative plan to recapitalise the ...

LONDON (Reuters) -Thames Water suffered a major setback in its fight to avoid nationalisation on Tuesday as it said U.S. private equity firm KKR had pulled out of a multi-billion pound rescue plan.