BlackRock-Backed Suez Said to Halt Process to Sell Chinese Units

Suez 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.

A Suez representative confirmed the company’s intention to keep the business in China when contacted by Bloomberg News.

State-owned ...