"Covalis plans to provide about 1bn of the funds upfront and raise a further 4bn from sales of the struggling water company's assets. The asset sales could reportedly include breaking up parts of the company, such as its operations in the Thames Valley, and then pursuing a stock market flotation of the restructured business."
"Under the plans, the UK government would retain a seat on the board and a golden share, which would give it certain rights to protect the provider of water and sewage services to 16 million customers across London and the Thames Valley."
"Suez is submitting a non-binding offer to advise and assist Thames Water by leveraging Suez's expertise in technical advisory and organisational optimisation, the company said. At this stage, Suez's scope of work is limited to an advisory mission to ensure the project's success and address the specific challenges faced by Thames Water."
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