BlackRock-Backed Suez Halts Process to Sell Chinese Water Assets, Sources Say
A Suez SA waste recycling site in the Gennevilliers district in Paris.
Photographer: Nathan Laine/BloombergSuez SA, a French water and waste-treatment company partly owned by BlackRock Inc., has paused a process to sell Chinese assets as it wants to keep growing in the world’s second-largest economy for longer, people familiar with the matter said.
In a recent message to employees reviewed by Bloomberg News, Suez’s new Chief Executive Officer Xavier Girre announced that the company decided to stay in China, following a global strategic review of the group’s markets and assets.