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Article: Vivendi to sell 15 percent stake in Veolia to cut debt
- Article from:
- AP Worldstream
- Article date:
- December 9, 2004
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AP Worldstream
12-09-2004
Dateline: PARIS
Vivendi Universal SA said Thursday it was selling 15 percent of its water utility Veolia Environnement SA in a move that could raise about euro1.5 billion (US$2 billion) and further cut debt at the French media and telecommunications group.
The move comes days after Vivendi took majority control of Maroc Telecom, Morocco's national telephone operator, and caps a two-year period of radical restructuring for the French company.
Based on Wednesday's closing price for Veolia shares, Vivendi's sale would raise about euro1.46 billion (US$1.94 billion). Vivendi officials declined to specify the price of the transaction.
Vivendi said it will sell 10 percent ...
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Article: Veolia Water nets CZK 335 mln in 2002.
Czech Business News;
May 28, 2003 ;
475 words
...Veolia Water nets CZK 335 mln in 2002 Prague ... Czech Republic's largest water company Veolia, formerly Vivendi Water CR, showed a net profit of CZK ... s annual report released Tuesday. Veolia's total turnover was up 8 % yr/yr ...
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