Thames Water chair Sir Adrian Montague is set to appear before the environment select committee, where he will face scrutiny about the company's financial and management issues, particularly the chosen investor KKR. The companyâs current refinancing has been prompted by a refusal from previous investors to fund further. Questions remain about KKR's strategy for improving Thames Water's management and customer service, and why there was only one bidder in the final stage, despite regulatory expectations for more competitive options. The situation reflects broader concerns regarding utility management and customer impact.
"Thames Water needs to clarify how KKR will manage the business differently and when customers can expect improved service after the refinancing caused by earlier investors' failure."
"The MPs will likely question Montague on why only one bidderâKKRâmade it to the final stage, raising concerns about the lack of competition for Thames Water's future."
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