You will be redirected back to your article in seconds

Vivendi nixes sales talk

Company keeping environmental services arm

PARIS — Media conglom Vivendi told Daily Variety Wednesday it had no intention of selling off Vivendi Environnement. On Tuesday, press reports said the German energy group RWE was still interested in acquiring the French group’s environmental services arm after an initial offer was rejected by the Vivendi board.

“We are not moving away from Vivendi Environnement,” a Vivendi spokesperson said. “We still believe in it. Vivendi has two legs, communications and environmental services.”

Vivendi confirmed that there would be no sale before 2003, although observers believe the floating of the environment arm was a move toward eventual disposal.

Last month Vivendi split its communications operations and environmental services. At the time of Vivendi Environnement’s initial public offering, Vivendi chief Jean-Marie Messier said that RWE had made an offer of $27 billion for the company.

More Biz

  • STX Entertainment Files IPO Draft Prospectus

    STX Entertainment Files Draft IPO Prospectus in Hong Kong

    PARIS — Media conglom Vivendi told Daily Variety Wednesday it had no intention of selling off Vivendi Environnement. On Tuesday, press reports said the German energy group RWE was still interested in acquiring the French group’s environmental services arm after an initial offer was rejected by the Vivendi board. “We are not moving away from […]

  • Rick Springfield performs on stage at

    Mental Health Expert Talks Hollywood's Battle with Depression

    PARIS — Media conglom Vivendi told Daily Variety Wednesday it had no intention of selling off Vivendi Environnement. On Tuesday, press reports said the German energy group RWE was still interested in acquiring the French group’s environmental services arm after an initial offer was rejected by the Vivendi board. “We are not moving away from […]

  • Cardi B Grammys

    Cardi B Sued by Former Manager for $10 Million

    PARIS — Media conglom Vivendi told Daily Variety Wednesday it had no intention of selling off Vivendi Environnement. On Tuesday, press reports said the German energy group RWE was still interested in acquiring the French group’s environmental services arm after an initial offer was rejected by the Vivendi board. “We are not moving away from […]

  • General view showing Riyadh city taken

    Saudi Arabia to Launch Huge 'Entertainment City' Project

    PARIS — Media conglom Vivendi told Daily Variety Wednesday it had no intention of selling off Vivendi Environnement. On Tuesday, press reports said the German energy group RWE was still interested in acquiring the French group’s environmental services arm after an initial offer was rejected by the Vivendi board. “We are not moving away from […]

  • Bill Cosby Retrial

    Bill Cosby Found Guilty in Sexual Assault Retrial

    PARIS — Media conglom Vivendi told Daily Variety Wednesday it had no intention of selling off Vivendi Environnement. On Tuesday, press reports said the German energy group RWE was still interested in acquiring the French group’s environmental services arm after an initial offer was rejected by the Vivendi board. “We are not moving away from […]

  • Paradigm's Liz Morentin portrait session in

    Liz Morentin Named Head of Communications for Paradigm Talent Agency

    PARIS — Media conglom Vivendi told Daily Variety Wednesday it had no intention of selling off Vivendi Environnement. On Tuesday, press reports said the German energy group RWE was still interested in acquiring the French group’s environmental services arm after an initial offer was rejected by the Vivendi board. “We are not moving away from […]

More From Our Brands

Access exclusive content