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.