Veolia Environnement (formerly Vivendi Environnement)
263 articles about "Veolia Environnement (formerly Vivendi Environnement)"
German multi-utility RWE has acquired Thames Water in an €11.3 billion deal to achieve its target of becoming one of Europe’s three top water companies. Thames will keep its name and operate within the RWE group as Thames Water, a division of RWE. The company will be based in London and headed by Bill Alexander, current chief executive of Thames Water. RWE sees the acquisition of Thames as an important springboard for entry into the US water services market.
VIVENDI will participate in the tender to build the Ashkelon desalination plant in Israel, forming a consortium with Israeli company IDE Technologies. Anticipated investment for the 50Mm<sup>3/</sup>/year seawater plant is between $150 million and $200 million. It will be built on a BOT basis.
The full extent of what most of us had known for sometime finally emerged in detail last month. Rebecca Mark’s resignation from Azurix spells the end of an era for a group which has flattered to deceive. It is only a matter of time before Enron decides to cut its losses.
With the resignation of CEO Rebecca Mark, Azurix’s future looks more uncertain than ever. The company has fallen short of original expectations from the June 1999 IPO, consistently underperforming and failing to meet analysts’ revenue estimates. The stock price has dropped 47% since the start of the year. Major shareholder Enron must now decide what to do with Azurix.
THE BOARD of Chile’s Esval (Empresa de Servicios Sanitarios de Valparaiso) has approved a rights issue to existing shareholders raising 32.4 billion Chilean pesos ($57 million) of additional equity.
Close on the heels of the electricity and gas industries, the German water market is poised on the brink of liberalisation.
Western Power Distribution (WPD) finally emerged triumphant in the bitter four-month struggle for control of Hyder last month. But just as one point of contention had been resolved, another opened up when Severn Trent announced that it would be taking Dwr Cymru to court.
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.
The Middle East is our main focus this month. Economic growth and population pressure have put a tremendous strain on existing resources and increased the demand for power and water.
Seven months behind schedule, and long overdue, the Brussels South WwTP finally started operating on 1 August. Bid evaluation is well under way for the Brussels North scheme, which will be one of the world’s largest BOOT sewerage projects.