Vivendi rumours continue to circulate
- From: Vol 3, Issue 6 (June 2002)
- Category: Companies
- Region: Unspecified
- Country: France
- Related Companies: EDF and Veolia Environnement (formerly Vivendi Environnement)
Rumours continued to circulate at the start of this month about the future of Vivendi Environnement (VE). In a somewhat surprising move, the Vivendi Universal board of directors gave chief executive Jean-Marie Messier permission to cut the company’s stake in the French water and environment group.
Several reports indicated that Vivendi Universal may sell as much as 20%, reducing the company’s stake in VE to around 40%. Such a move had been thought unlikely following pressure from the French president, Jacques Chirac, to retain majority French ownership of the company (see GWI, Vol. 3, Issue 5, p.16).
Messier is seeking to reduce Vivendi Universal ...
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