Thames Water Asks Castle Water, KKR

Asset manager KKR (NYSE:KKR) has offered nearly £4B (~$5B) for a majority stake in struggling U.K. utility Thames Water in a management-led buyout, Bloomberg reported earlier Wednesday.
(Bloomberg) -- KKR & Co. offered to inject nearly £4 billion ($5 billion) into Thames Water for a majority stake in the beleaguered utility, according to people familiar with the matter.
A Hong Kong company has submitted an initial 7-billion pounds ($8.8 billion) bid for a majority stake in Thames Water, a ...