VE considers asset sales
- From: Vol 4, Issue 2 (February 2003)
- Category: Companies
- Region: Unspecified
- Country: United Kingdom and United States
- Related Companies: Northumbrian Water, Philadelphia Suburban, Royal Bank of Scotland, Southern Water, Suez and Veolia Environnement (formerly Vivendi Environnement)
But presses ahead with Southern Water acquisition.
Suez’s great rival Vivendi Environnement (VE) has also signalled its intention to dispose of underperforming parts of its business in 2003. VE is thought to be looking at selling off around €2 billion of assets to lighten its debt load. It is not clear at this stage if this will include water assets.
The company cut its debt level ...
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