(Reuters) - France's Suez Group said on Friday it was submitting a non-binding offer to advise and assist Thames Water in an exclusive partnership with investor Covalis Capital.
The French group was reported to help manage the struggling British utility's operations as part of a 5 billion pound ($6.38 billion) bid tendered by investor Covalis Capital for full ownership, the Financial Times reported on Thursday.
Thames Water had asked potential investors to put forward indicative bids by the end of Thursday as the UK's biggest water company looks to secure a multi-billion-pound cash injection to avoid nationalisation.
After Suez confirmed the bid in a statement on Friday, Thames did not immediately respond to a Reuters request for comment.
($1 = 0.7843 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
