So Long Suckers! ; Germans Rake in Pounds 8bn On Thames Water Sale

Evening Standard - London › October 17, 2006

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Summary

THE German owners of Thames Water were celebrating a windfall today after selling the company to an Australian bank for Pounds 8 billion.

Utility group RWE has been looking to dump the company after falling foul of regulators and consumer groups who claim it failed to invest quickly enough in Thames's crumbling pipe network.

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Extract

So Long Suckers! ; Germans Rake in Pounds 8bn On Thames Water Sale

In July, Thames was ordered to spend an extra Pounds 150 million on plugging leaks...

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