Vivendi unloads more debt
- From: Vol 1, Issue 9 (September 2000)
- Category: Brief
- Region: Unspecified
- Country: United States
- Related Companies: Dalkia, Electricité de France, Kinetics, OTV, Peco Energy, Sithe, US Filter and Veolia Environnement (formerly Vivendi Environnement)
VIVENDI ENVIRONNEMENT (VE) posted strong first half figures last month and its parent company, Vivendi, continued with the strategy of reducing debt by selling a 49.9% stake in Sithe North America.
VE increased total sales by 41.3% to €12.1 billion in the first half of 2000. This compared with sales of €8.5 billion for the first half of 1999.
In the water sector, total sales rose 55.3% to reach €5.6 billion in the first six months of the year. VE attributed the strong growth to the ...
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