Hong Kong’s CKI a leading contender to buy Thames Water, reports say

Thames Water, which supplies 16 million customers in London and south-east England, has been racing to pull together a deal to avoid collapse. Photograph: Sam Oaksey/Alamy

A Hong Kong infrastructure company is reportedly a leading contender to buy Thames Water if the heavily indebted company collapses in coming weeks.

CKI, which invests in power and other utility companies in the UK, is among those lining up to acquire the water and sewerage supplier if it enters a special administration regime (SAR), according to the Times.