Viv U will water down noncore biz

Conglom to sell 15% of Veolia Environnement

PARIS — Vivendi Universal began ridding itself of more water and waste Thursday in an attempt to rake in around $2 billion.

Viv U will sell 15% of Veolia Environnement, Vivendi’s 140-year-old water and waste management core business until Jean-Marie Messier transformed the group into a media conglom.

Sale should help Viv U cut its debt to around $5.32 billion by the end of the year, an improvement on the company’s target figure of $6.65 billion.

Asset disposals over the past two years, including the sale of Universal to NBC, have raked in more than $21 billion as Viv U restructured to pay down massive debt accumulated during Messier’s tenure.

Viv U will sell its Veolia stock in three stages. On Thursday, the company placed 10% on the stock market. It will sell 2% to Veolia on Dec. 29 and the remainder to France’s Societe Generale bank later on. Viv U will keep a 5.3% stake.

More Biz

  • Sag Awards Preview

    How to Watch SAG Awards 2018 Online

    PARIS — Vivendi Universal began ridding itself of more water and waste Thursday in an attempt to rake in around $2 billion. Viv U will sell 15% of Veolia Environnement, Vivendi’s 140-year-old water and waste management core business until Jean-Marie Messier transformed the group into a media conglom. Sale should help Viv U cut its […]

  • Women's March rallyWomen's March rally, New

    Celebrities Champion LA, NYC Women's Marches: 'March On, My Sisters!'

    PARIS — Vivendi Universal began ridding itself of more water and waste Thursday in an attempt to rake in around $2 billion. Viv U will sell 15% of Veolia Environnement, Vivendi’s 140-year-old water and waste management core business until Jean-Marie Messier transformed the group into a media conglom. Sale should help Viv U cut its […]

  • L.A. Women's March: Scarlett Johansson, Viola

    Viola Davis, Scarlett Johansson, Others Rally Thousands at Los Angeles Women's March

    PARIS — Vivendi Universal began ridding itself of more water and waste Thursday in an attempt to rake in around $2 billion. Viv U will sell 15% of Veolia Environnement, Vivendi’s 140-year-old water and waste management core business until Jean-Marie Messier transformed the group into a media conglom. Sale should help Viv U cut its […]

  • Thousands of people gather holding protest

    Marchers Reference 'Get Out,' 'Black Mirror' at New York City Women's March

    PARIS — Vivendi Universal began ridding itself of more water and waste Thursday in an attempt to rake in around $2 billion. Viv U will sell 15% of Veolia Environnement, Vivendi’s 140-year-old water and waste management core business until Jean-Marie Messier transformed the group into a media conglom. Sale should help Viv U cut its […]

  • Los Angeles Women's March

    How to Watch the Los Angeles Women’s March Online

    PARIS — Vivendi Universal began ridding itself of more water and waste Thursday in an attempt to rake in around $2 billion. Viv U will sell 15% of Veolia Environnement, Vivendi’s 140-year-old water and waste management core business until Jean-Marie Messier transformed the group into a media conglom. Sale should help Viv U cut its […]

  • Lori Mccreary and Gary Lucchesi PGA

    How Harvey Weinstein Drove the PGA to Combat Sexual Harassment on Set

    PARIS — Vivendi Universal began ridding itself of more water and waste Thursday in an attempt to rake in around $2 billion. Viv U will sell 15% of Veolia Environnement, Vivendi’s 140-year-old water and waste management core business until Jean-Marie Messier transformed the group into a media conglom. Sale should help Viv U cut its […]

  • Bob Bakish, President and CEO of

    Viacom CEO Bob Bakish Earned $20.3 Million in 2017

    PARIS — Vivendi Universal began ridding itself of more water and waste Thursday in an attempt to rake in around $2 billion. Viv U will sell 15% of Veolia Environnement, Vivendi’s 140-year-old water and waste management core business until Jean-Marie Messier transformed the group into a media conglom. Sale should help Viv U cut its […]

More From Our Brands

Access exclusive content