Thames Auction in Doubt

Mail on SundayJune 19, 2006

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Summary


A Pounds 7 BILLION auction for Thames Water looks increasingly unlikely following a decision by Australian infrastructure giant Babcock Brown to walk away from the bidding.

The withdrawal of Babcock and Hong Kong's Cheung Kong Infrastructure from the running leaves the way open for Guy Hands' private equity firm Terra Firma to launch a bid.

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Thames Auction in Doubt

It is understood the financier has...

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