Veolia goes on a pre-Christmas diet
- From: Vol 12, Issue 12 (December 2011)
- Category: Companies
- Region: Europe
- Country: France
- Related Companies: Veolia Environnement (formerly Vivendi Environnement)
Veolia Environnement CEO Antoine Frérot faced his biggest test yet when he unveiled a broad-based restructuring of the group in early December. Support for the stock will depend on the company’s ability to deliver on its goals.
Investors were left largely unimpressed by Veolia Environnement’s restructuring announcement on 6th December, which saw the group set out its priorities for the medium term in an attempt to restore credibility to the battered stock.
Although a concerted attempt to deleverage by ramping up its asset disposals programme to €5 billion over the next two years was generally seen ...
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