Goldman Sachs and Mediobanca have reportedly won roles advising Enel, the Italian electricity company, on a possible €40bn ($47.8bn) bid for Suez, the world's fifth-biggest utility.

French newspaper Les Echos reports that Enel is considering a bid for either the whole company or Suez's power unit, Electrabel, and that it has hired the two banks as advisers. The newspaper cited unidentified sources in Enel's headquarters.