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The Independent UK
The Independent UK
Business
Athena Stavrou

Thames Water dealt fresh blow as potential investor drops out of deal to prop up embattled firm

Thames Water KKR Ofwat United States

Thames Water has been dealt yet another blow, after US private equity firm KKR pulled out of plans to invest in the heavily indebted supplier.

KKR had been chosen by the embattled water company as its preferred bidder at the end of March to invest more than £3 billion of new equity to help keep it operating, amid fears the supplier was running out of cash.

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