Suez Group has expressed its intention to collaborate with investor Covalis Capital in submitting a non-binding joint offer for Thames Water, a struggling British utility.

This move demonstrates the ongoing interest in the UK water sector, particularly in light of the financial challenges faced by Thames Water. The joint offer aligns with Suez's strategy to expand its presence in the utilities market, while Covalis Capital's involvement highlights the potential for investment in distressed assets.

The outcome of this bid could have a significant impact on the future operations and financial stability of Thames Water.