Among the Six Times Waters from Stonbek, which specializes in the falter

Digest opened free editor

Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.

The Times Water has received preliminary stock offers from the parties that include one of the largest infrastructure investors in the United States and a sad asset investor in London.

The utility that serves 16 million families in London and gave approximately 20 billion pounds of debt, He said on Tuesday It “receives suggestions from six parties regarding the lifting of shares” through which she seeks to collect billions of pounds to avoid collapse.

Among the six interesting parties in providing fresh stocks in the Times are the American private stock company KKR, the Hong Kong CKI, the Covalis Capital and Castle Water, a London Business Supply Supply. These four parties are committed to the process, according to many people familiar with this issue.

Other offers providers are Stonepeak, an American infrastructure investor who runs more than $ 70 billion of assets, and Fitzwalter Capital, a Fetal -based fund that focuses on investing in troubled debt, according to the people.

These initial bids are not binding and do not require any fixed obligations, as some parties choose to stay in this process even though they are looking at an ultimately unlikely company offer.

A person close to the operation said: “Everyone wanders around the collar to see if anything good comes out.”

Two people are aware of this issue that Stonepeak was less interested in buying the Times than KKR and CKI, which made the latter a proposal indicating that he would do so. 7 billion pounds of £ In the semi -percentage utility.

Bezwalter, and at the same time, was the party that was not named Times water He also submitted a proposal “with regard to the shares of the minority, and it is intended to partnership with investors, and he did not specify financial standards.”

Stonbeck and Vitualter refused to comment.

Fitzwalter has some low -Times Water -low bonds, which can maintain heavy losses under the loan deal worth 3 billion pounds, and the tool agreed to higher creditors.

Covalis also possesses some of these beginners. The London -based company, which focuses on investing in infrastructure assets, has It was very crucial From the way the THEMES Water and its advisor, Rothschild & Co, managed to manage the shares of the shares.

The Times water passes low risk and tries to request approval from bond holders to reach the money from the rescue loan 3 billion pounds before anything. Possible possible legal challenge To the controversial package.

The utility said it hopes to agree to the conditions for raising shares by the end of June because it seeks to turn its financial resources.

Regardless of the six -stock bodies, holders of the higher AR bond in the utility indicated that they are preparing the width of the creditor if the shares are increased. Bond holders include US funds like Elliott Management and Pimco.

The Times Water said on Tuesday that some bids gave creditors an opportunity to invest in the tool in exchange for pronouncing the value of their debts.

The Times rejected the suspension water.