menu
techminis

A naukri.com initiative

google-web-stories
source image

Guardian

5h

read

215

img
dot

Image Credit: Guardian

MPs should not accept any murky answers from Thames Water chair on potential sale | Nils Pratley

  • Sir Adrian Montague, the chair of Thames Water, will be appearing at the environment select committee to address the ongoing issues with the company's financial crisis and potential sale.
  • MPs should question Montague on why KKR was chosen as the preferred bidder and inquire about the lack of competition in the process, as well as the management plan for the troubled utility.
  • Concerns have been raised about Thames Water potentially being sold to a bidder that prioritizes bondholders' interests over customers, and the lack of transparency regarding regulatory support and accommodations.
  • The select committee's scrutiny during Montague's appearance is crucial for achieving transparency in the sale process and ensuring that the interests of customers are prioritized.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app