Castle Water to Offer £4 Billion Equity to Save Thames Water
- Thames only has enough money to last until early next year
- Indicative bids for equity injection are due by Dec. 5
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Castle Water Ltd. will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration, according to a person familiar with the matter.
Thames, the UK’s biggest water and sewage company, asked potential investors to submit indicative, non-binding bids by Dec. 5.