@[email protected] has moved

As you will recall, Private Equity giant KKR (they of Barbarians at the Gate fame), has become the preferred bidder for Thames Water.... and so keen are Thames Water to keep their cash cow out of the hands of the state they are paying a substantial proportion of the costs of the KKR team undertaking some extensive due diligence ahead of any formal bid.

No conflicts of interest there, I'm sure....

#ThamesWater #water #sewage #PrivateEquity

h/t FT

Apr 26, 2025 at 8:34amWeb
Show threadAlex P Roe Apr 26, 2025
@ChrisMayLA6 This will end with tax payers having to settle the enormous debt a PE backed acquisition is highly likely to generate, won’t it? This should not be allowed to happen to a public service.
Show thread@[email protected] has movedApr 26, 2025

@alex_p_roe

Well, the (further) debt loaded onto TW will have to be serviced somehow - even higher bills most likely, I should think

Show threadAlex P Roe Apr 26, 2025
@ChrisMayLA6 Higher bills are inevitable and those shareholders will still want to see eternal growth! Nationalising Thames Water now will likely save everyone a fortune! Pity those in government don’t see this, or do and think they can make a quick buck.
Show threadSwiftApr 26, 2025

@ChrisMayLA6

#petition #uk govt on #water #privatisation
#publicOwnership at
https://weownit.org.uk/act-now/take-trains-public-ownership

#weOwnIt

Petition: Take our trains into public ownership | We Own It

The government is taking railway operators into public ownership, but the trains themselves will remain in private hands. The government must take our trains into public ownership.

We Own It
Show threadTC Won't Give In To LiesApr 26, 2025

@ChrisMayLA6

It's such a no-brainer to #NationaliseThamesWater that it's almost criminal to let this go on.