United Utilities 'interested' in managing Thames

摘要

An interesting series of management changes points the way for those interested in the future of Thames Water as it awaits a decision from its German owner, RWE, regarding an outright sale or an IPO offer. United Utilities' new CEO, Philip Green, has said that he would be interested in adding Thames to its management portfolio. UU already runs Welsh Water's supply and infrastructure business. Analysts note with interest that finance director Tim Weller has moved from Thames to United Utilities. Meanwhile ex-UU boss John Roberts has moved to Terra Firma, Guy Hands' private equity venture, believed to be interested in a Thames bid. This certainly looks like a shuffling of the cards. Terra Firma remains very keen to enter the UK water sector and Thames would certainly fulfill this aim.