France's Suez Group to help manage Thames Water as part of Covalis bid, FT reports

(Reuters) - France's Suez Group would help manage struggling British utilities firm Thames Water's operations as part of a 5 billion pound ($6.37 billion) bid tendered by Covalis Capital for full ownership, the Financial Times reported on Thursday.

Covalis plans to sell off billions of pounds of assets of the utility and publicly list the remains, with the UK government holding a "golden share" in the utility, FT added, citing people familiar with the bid, .

($1 = 0.7851 pounds)

(Reporting by Nishara K.P in Bengaluru; Editing by Shreya Biswas)