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

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.

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

Henry Kravis, one of KKR's co-founders, held talks with a senior Downing Street official at the weekend as a £4bn bailout of Thames Water hung in the balance, Sky News learns.

KKR & Co. withdrew its bid to invest £4 billion ($5.4 billion) in Thames Water when the US infrastructure giant realized there was little upside to a deal, according to people familiar with the ...

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 has been left on the brink of renationalisation after KKR walked away from a £4bn rescue deal, partly because the US private equity house feared creeping political interference.

Why KKR, which earned its Barbarians at the Gate reputation during the brutal takeover battle for biscuit maker RJR Nabisco in the late Eighties, walked away from the Thames Water fiasco it is not ...

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 ...