Thames Water has been looking to raise at least US$4.1bil in new equity. — Bloomberg
READING: Potential investors in Thames Water will have to submit new bids for the water utility by Feb 10, according to people familiar with the matter, as the beleaguered firm seeks an urgent injection of equity to boost its finances.
The highly indebted company told bidders to take industry regulator Ofwat’s December ruling about the scope for bill increases and investor returns into account for their submissions, said the people, who asked not to be identified because the matter is private.
