Priscila Azevedo Rocha
Reporter at Bloomberg News
Bloomberg @business journalist in London - views are my own, RTs are not endorsements - Instagram: priazrocha
Articles
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3 days ago |
news.bloomberglaw.com | Priscila Azevedo Rocha |Giulia Morpurgo
Thames Water is running out of options for the equity funding it desperately needs after preferred bidder KKR & Co. pulled out of a rescue deal. Thames is now focusing on talks with senior creditors, including Silver Point Capital and Elliott Management, who had been preparing their own plan. Moving forward with this option hinges on finding an agreement with the regulator Ofwat.
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3 days ago |
bloomberg.com | Priscila Azevedo Rocha |Giulia Morpurgo
Maintenance engineers at a Thames Water incident site in London. (Bloomberg) -- Thames Water is running out of options for the equity funding it desperately needs after preferred bidder KKR & Co. pulled out of a rescue deal. Thames is now focusing on talks with senior creditors, including Silver Point Capital and Elliott Management, who had been preparing their own plan. Moving forward with this option hinges on finding an agreement with the regulator Ofwat.
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3 days ago |
news.bloomberglaw.com | Priscila Azevedo Rocha |Giulia Morpurgo
Thames Water’s preferred bidder KKR & Co. has pulled out of a rescue deal in a major setback for the utility. The US alternative asset manager “will not be in a position to proceed, and its preferred partner status has now lapsed,” Thames said in a statement Tuesday. The company’s senior creditors including Silver Point Capital and Elliott Management had been preparing their own plan and Thames will progress discussions on that.
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3 days ago |
bloomberg.com | Priscila Azevedo Rocha |Giulia Morpurgo
Engineers' vans parked at the South Woodford pumping station, operated by Thames Water, in London. Photographer: Chris Ratcliffe/Bloomberg(Bloomberg) -- Thames Water’s preferred bidder KKR & Co. has pulled out of a rescue deal in a major setback for the utility. The US alternative asset manager “will not be in a position to proceed, and its preferred partner status has now lapsed,” Thames said in a statement Tuesday.
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6 days ago |
rigzone.com | Priscila Azevedo Rocha
Centrica Plc is opening a trading office in New York that will underpin its growth in natural gas. Subsidiary Centrica Energy will establish its first US commodity-trading office aimed at building a physical gas business, Chief Executive Officer Chris O’Shea said in an interview. The sector is betting hundreds of billions of dollars that the fuel has a place in the world’s energy mix through at least 2050.
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