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european utilities face earnings decline amid changing power prices and investments
The LNG market is set to increase supply, particularly from the US, with a projected 15% rise in production. European utilities are expected to see a 3% EBITDA decrease in 2024, with a further 2% decline in 2025, while pure grid operators will benefit from a 6% EBITDA growth due to supportive regulatory frameworks and expanding asset bases.
Covalis Capital Offers £5 Billion Bid for Thames Water Takeover
Covalis Capital has made a £5 billion bid to acquire Thames Water, a struggling UK water company. To finance the takeover, Covalis plans to contribute £1 billion upfront and raise an additional £4 billion through asset sales, refinancing, and a potential listing, partnering with French firm Suez for operations.