23-06-2025
Three Chinese Firms Said in Next Bidding Round for Suez Assets
Chinese state-owned firms Beijing Capital Group Co., China State Construction Engineering Corp. and Guangdong Holdings Ltd. are among bidders for Suez SA 's Chinese water infrastructure assets, according to people familiar with the situation.
The three companies have been shortlisted into a second round of bidding for the business, the people said, asking not to be identified because the information isn't public. Suez may seek a valuation of more than $2 billion for the Chinese assets, the people said. The company could also opt to sell only parts of the business or explore other ways to streamline it, some of the people said.
