Struggling Thames Water receives £5bn buyout offer from Covalis

[Tommy Tainant]

Struggling Thames Water receives £5bn buyout offer from Covalis

Deal would result in France’s Suez Group being brought in to manage restructure of water company

www.theguardian.com

Only 1bn up front and they are 19bn in debt.
It looks like a financial engineering exercise to me. If I was rude I would just call it an asset strip.
The tory privatisation experiment stumbles on.

 

[shockedcanadian]

I remember a short four note tune and an image with the title "Thames* shown on the screen before each episode of the Benny Hill Show. How Britain has fallen.

 

[Polishprince]

Here in America, we have a lot better record with privately owned water companies than with the government taking over this function.

Aqua Pennsylvania does a lot more tremendous job for us here in Mercer County that do the government bureaucrats in Jackson Mississippi or Flint Michigan.

The reason is obvious, a bureaucrat could give a shit about the service or quality of water they provide to the customers. OTOH, a private concern wants to actually satisfy their customers.

 

[Polishprince]

I never realized until this moment that the English people drink water from the crystal clear Thames. Maybe that's the reason for the English people's tremendous record of dental health?

 

[luiza]

Only 1bn up front and they are 19bn in debt.
It looks like a financial engineering exercise to me. If I was rude I would just call it an asset strip.
The tory privatisation experiment stumbles on.

They would have been OK if vermin like you and your Gay Deep State PM had not been filling up the rivers with your shit for so long .