1-5 of 5 results for subject:KKR
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- subject_t:KKR OR subject_t:"Kohlberg Kravis Roberts" OR subject_ses:42098
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To ask the Secretary of State for Environment, Food and Rural Affairs, what discussions he has had with (a) Thames Water and (b) Ofwat since the withdrawal of KKR from discussions on an equity recapitalisation deal.
To ask the Secretary of State for Environment, Food and Rural Affairs, what discussions he has had with (a) Thames Water and (b) Ofwat since the withdrawal of KKR from discussions on an equity recapitalisation deal.
The Government and Ofwat – the financial regulator for the water sector – are carefully monitoring the situation at Thames Water, and Ofwat is working closely with the company to strengthen its long-term financial resilience within the context of its licence and broader statutory obligations. Thames Water is running an equity raise and has indicated that it will need a new capital structure requiring both more equity and a significant reduction in the level of debt and we are monitoring this process closely.
To ask the Secretary of State for Environment, Food and Rural Affairs, what contingency plans his Department has in place following the collapse of the proposed equity injection into Thames Water by KKR.
To ask the Secretary of State for Environment, Food and Rural Affairs, what contingency plans his Department has in place following the collapse of the proposed equity injection into Thames Water by KKR.
The company remains stable, and the Government is closely monitoring the situation. As the company has set out, it will continue to work with its creditors and stakeholders as part of its equity raise to improve its financial position.
The Government is prepared for all eventualities across our regulated industries- including water - as any responsible Government would be, and stands ready to intervene through the use of a Special Administration Regime, should this be required to ensure the continued provision of vital public services.
It would be inappropriate to comment further on the financial matters of a private company.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether he has made an assessment of the level of risk of insolvency to Thames Water following the withdrawal of KKR; and whether he has made an estimate of the potential cost to the public purse of this...
To ask the Secretary of State for Environment, Food and Rural Affairs, whether he has made an assessment of the level of risk of insolvency to Thames Water following the withdrawal of KKR; and whether he has made an estimate of the potential cost to the public purse of this...
The company remains stable, and the Government is closely monitoring the situation. As the company has set out, it will continue to work with its creditors and stakeholders as part of its equity raise to improve its financial position.
The Government is prepared for all eventualities across our regulated industries- including water - as any responsible Government would be, and stands ready to intervene through the use of a Special Administration Regime, should this be required to ensure the continued provision of vital public services.
It would be inappropriate to comment further on the financial matters of a private company.