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

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

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 ...

Britain's Thames Water, battling to avoid nationalisation, asked a group of senior creditors on Monday to allow it to draw ...

KKR & Co. (NYSE:KKR) has pulled out of Thames Water's equity raising process, the utility said Tuesday. The US alternative asset manager “will not be in a position to proceed, and its preferred ...

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.

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 ...

Thames Water customers face the prospect of a £230 jump in their annual bills to help secure its future, after a potential rescue deal collapsed. On Tuesday, private equity firm KKR abandoned plans ...

U.K. utility Thames Water said that KKR is no longer in the running for its equity raise, signaling further uncertainty around its recapitalization to stay afloat. The British company in March ...

STORY: Thames Water suffered a major setback in its fight to avoid nationalization on Tuesday (June 3).It said U.S. private equity firm KKR had pulled out of a multi-billion pound rescue plan ...