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flag Thames Water selects KKR as preferred bidder to help manage over £16 billion debt.

flag Thames Water, the UK's largest water supplier, has chosen KKR, a US private equity firm, as its preferred bidder to help stabilize its finances. flag The company, in over £16 billion of debt, aims to finalize the deal in the second quarter and complete it by the third quarter of this year. flag However, no certainty exists as Thames Water continues to explore other transaction structures with senior creditors.

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