Thames Water says it has received six takeover offers
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Thames Water has received six takeover offers amid growing concerns over pollution and its £19bn debt. The company aims to finalize a deal by June following an equity raise process. Most proposals depend on regulatory support, with suitors including Covalis and KKR. Thames Water is also seeking higher customer bills to manage its debt and has appealed to the Competition and Markets Authority regarding Ofwat's bill determination. The company is working with Ofwat to achieve a sustainable recapitalization.
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