Thames Water rescue deal in turmoil

Thames Water’s future is in doubt after its takeover and rescue by a US private equity firm collapsed.

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KKR pulled its plans to pump £4bn into the troubled water company – which is almost £20bn in debt – leaving it facing the prospect of temporary nationalisation.
It comes as a review of the water sector warns that it’s beset with "deep-rooted, systematic" failures and needs fundamental reform of laws, regulation and infrastructure.

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