Vivendi Universal said Friday that it plans to sell 6% of publicly traded construction subsid Vinci in a continuing effort to pare down debt.
Just how supportive the French members of Vivendi U's board of governors will be of embattled chairman Jean-Marie Messier in coming months is an intriguing question.
Beleaguered Vivendi Universal received an unaccustomed shot of good news Thursday as a French court threw out a request by shareholders to investigate the conglom's corporate governance practices.
Vivendi Universal chairman-CEO Jean-Marie Messier apologized Wednesday for confusing investors, offered more detail on debt reduction and said he hopes to run the conglom for years to come.
Jean-Marie Messier emerged from an hours-long Vivendi Universal board meeting Tuesday evening with his CEO title and optimism intact -- but without a key ally.
Vivendi Universal shares tanked Monday after a muddled asset sale further eroded investor confidence ahead of a regularly scheduled board meeting in Paris today.
With Vivendi Universal's shareprice even further depressed and a board of directors meeting scheduled in Paris Tuesday, CEO and chairman Jean-Marie Messier has implimented the second step in his plan…
Vivendi Universal startled financial markets Friday by parking a 12.7% stake in Vivendi Environment with Deutsche Bank after announcing plans several days earlier to definitively unload a big chunk…
Vivendi Universal announced plans Monday to reduce its stake in Vivendi Environment by more than 20%, allowing the highly leveraged French conglom to transfer $13.2 billion in debt off its books.
Minority shareholders of Vivendi Universal asked a Paris judge Friday to investigate the conglom's financial disclosure over the past two years. Separately, the company hired outside lawyers in New…
Andrea R. Vaucher: Eurotrack