Veolia’s U.K. Water Business Attracts Bidders, Sunday Times Says

Veolia Environnement SA (VIE)’s water business in the U.K., which is up for sale, has drawn interest from bidders including Allianz SE (ALV) and Canada’s Borealis pension fund, the Sunday Times reported today, without citing anyone.

Japan’s Itochu Corp. (8001) and Marubeni Corp. (8002) are also considering bids, the paper said. The company plans to interview investment banks this month to pick an adviser to run the auction, the paper said.

The Veolia unit may be valued at as much as 1.2 billion pounds ($1.9 billion), the newspaper said.

To contact the reporter on this story: Nandini Sukumar in London at nsukumar@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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