THE NEW VEOLIA
- From: Vol 12, Issue 12 (December 2011)
- Category: Need to know
- Region: Europe
- Country: France and United Kingdom
- Related Companies: Abu Dhabi Investment Company, British Columbia Investment Management, Macquarie, RWE, Santander Private Equity, Saur, Suez, Thames Water and Veolia
Veolia’s plans to restructure its way out of trouble were largely met with indifference by the investor community earlier this month.
Despite a sweeping array of proposals aimed at cutting debt and moving towards a more centralised management structure, investors seem unwilling to give CEO Antoine Frérot the benefit of the doubt – at least for now (see story p8).
A central theme of Veolia’s restructuring plan is an increased asset disposals programme, which includes the three English water-only companies ...
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