Latest news with #CKInfrastructure
Reuters
a day ago
- Business
- Reuters
Hong Kong's CKI emerges as leading contender for Thames Water, The Times reports
Aug 12 (Reuters) - Hong Kong's CK Infrastructure Holdings (CKI) ( opens new tab has emerged as a leading contender to take over Thames Water and could assume control within weeks if Britain's largest water utility is placed into special administration, The Times reported on Tuesday. Reuters could not immediately confirm the report. CKI has indicated it would be prepared to operate under tougher penalties for environmental breaches, a regime that Thames Water's creditors say is financially unviable, the report said. Thames Water did not respond immediately to a Reuters request for comment outside regular business hours, while CKI could not be immediately reached for comment. Earlier on Tuesday, Reuters reported that Britain had appointed FTI Consulting to advise on contingency plans for heavily indebted and loss-making Thames Water to be placed into a special administration regime. Thames Water is seeking to avoid nationalisation by securing 5 billion pounds ($6.75 billion) of financing from senior bondholders. In July, the company said it had enough cash to operate for 12 months but needs a reset of regulations for any deal to proceed. ($1 = 0.7409 pounds)
CNA
a day ago
- Business
- CNA
Hong Kong's CKI emerges as leading contender for Thames Water, The Times reports
Hong Kong's CK Infrastructure Holdings (CKI) has emerged as a leading contender to take over Thames Water and could assume control within weeks if Britain's largest water utility is placed into special administration, The Times reported on Tuesday. Reuters could not immediately confirm the report. CKI has indicated it would be prepared to operate under tougher penalties for environmental breaches, a regime that Thames Water's creditors say is financially unviable, the report said. Thames Water did not respond immediately to a Reuters request for comment outside regular business hours, while CKI could not be immediately reached for comment. Earlier on Tuesday, Reuters reported that Britain had appointed FTI Consulting to advise on contingency plans for heavily indebted and loss-making Thames Water to be placed into a special administration regime. Thames Water is seeking to avoid nationalisation by securing 5 billion pounds ($6.75 billion) of financing from senior bondholders. In July, the company said it had enough cash to operate for 12 months but needs a reset of regulations for any deal to proceed. ($1 = 0.7409 pounds)
Reuters
a day ago
- Business
- Reuters
Hong Kong's CKI emerges as contender for Thames Water, The Times reports
Aug 12 (Reuters) - CK Infrastructure Holdings ( opens new tab has emerged as one of the leading contenders for Thames Water and could take over Britain's largest water utility within weeks of it going into special administration, The Times reported on Tuesday. Reuters could not immediately confirm the report.
Bloomberg
2 days ago
- Business
- Bloomberg
CKI Said to Drop Bid for National Grid's £2 Billion LNG Terminal
CK Infrastructure Holdings Ltd. has pulled out of the bidding for a UK liquefied natural gas terminal valued at about £2 billion ($2.7 billion), according to a person familiar with the matter. The Hong Kong-based company was in the process of negotiating final terms of a deal for National Grid Plc 's Grain LNG facility and an agreement was expected in the coming days, Bloomberg News reported last week. CKI was competing with a consortium led by Ontario Municipal Employees Retirement System and about 20 parties initially expressed interest in the asset.
Bloomberg
7 days ago
- Business
- Bloomberg
CKI Nears Deal for National Grid's £2 Billion LNG Terminal
CK Infrastructure Holdings Ltd. has emerged as the lead bidder for a UK liquefied natural gas terminal valued at about £2 billion ($2.7 billion), according to people familiar with the matter. The Hong Kong-based company is negotiating final terms of a deal for National Grid Plc 's Grain LNG facility and could reach an agreement as soon as the coming days, the people said, asking not to be identified because the information is private. CKI was competing with a consortium led by Ontario Municipal Employees Retirement System.
