Times Waterer has chosen KR giant KR giant KR as “approved partners” to buy troubled water services companies.
planned investment by KKR helps deal with Mount of the debtand the Times aims to complete the deal in the second half of this year.
Times Water began searching for investment last year The shareholders say it was “provided”“.
The company has been criticized for sewing sewers, and is struggling to repair expired infrastructure.
The Times serving about a quarter of a quarter of the UK, mostly across London and parts of the south, and 8,000 people.
In recent weeks, the company – with a debt of about £20 billion – £3 billion saves 3 billion To protect the company’s horizon under government control.
The Times recently announced that six companies had been blocked on the possibility of investing in a stake in the business.
He did not say how KR had made an investment plan, but said the proposal would lead to “matchive deterioration” for some lenders, ie the deletion of some of the Times’ loans and water benefits that owe water.
The Times said there was no assurance that a sustainable proposal would emerge, and would require organizational approval.
“The company is on the installation of the Times on a more stable financial facility, implementing its plan to change and delivering a market supervision solution that is in the interest of British buyers and taxpayers and wider the economy,” the statement said.