U.S. private equity firms Blackstone Group, Apollo Management LP and investment bank Goldman Sachs will announce a joint deal on Thursday to buy the water treatment unit of France's Suez for about $4 billion, sources close to the deal said today.
The deal will be announced at the same time as utility Suez, which is selling off assets to reduce debt, unveils first-half results, the sources added.
The deal still requires approval by Suez's board and may fall through at the last minute, other sources say, though both sides are aiming to unveil an agreement this week.
Source: Reuters
