Britain's Thames Water said the court-approved debt lifeline of 3 billion pounds would come into effect on Friday, warding off a collapse of the country's biggest water supplier. The company will proceed with the initial implementation steps of the liquidity extension plan.

Global investment firm KKR (KKR) is reportedly looking to pump £4 billion ($5 billion) into Thames Water, the UK’s biggest water supplier,

KKR (KKR) offered to inject $5B into Thames Water for a majority stake, Priscila Azevedo Rocha, Dinesh Nair and Giulia Morpurgo of Bloomberg report, citing people familiar with the matter. KKR does not plan to sell any assets of Thames Water or to make structural changes if it gets control of the business,