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Suez Unit May Bid for Wipro’s Water Division, Times Says

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Sept. 13 (Bloomberg) -- A unit of Suez Environnement, the second-biggest water utility, is one of three companies seeking to buy the water-treatment business of India’s Wipro Ltd., the Times of India reported, citing people it didn’t identify.

Suez’s Degremont, New Delhi-based Earth Water Group and Metito Ltd., based in Sharjah, United Arab Emirates, are preparing bids, according to the report.

Earth Water Group announced this week that it raised $15 million in funding for investments and possible acquisitions from CLSA Capital Partners of Singapore.

Previous customers of Wipro’s water unit include The Coca-Cola Co. and United Breweries Ltd., according to the report. Wipro, India’s third-largest software exporter, hired Anand Rathi Financial Services Ltd. to find a buyer, it said.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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