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Vivendi Environnement Company

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June 18, 2002 | RICHARD VERRIER, TIMES STAFF WRITER
Seeking to ease investor fears over its soaring debt, Vivendi Universal's board of directors agreed Monday to scale back its investment in a 149-year-old water utility that was once its core business. Under the plan, media giant Vivendi Universal will reduce its ownership in Vivendi Environnement from 63% to slightly more than 40%, partly by selling $1.8 billion worth of its shares to a group of French investors as soon as market conditions are "appropriate."
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BUSINESS
June 18, 2002 | RICHARD VERRIER, TIMES STAFF WRITER
Seeking to ease investor fears over its soaring debt, Vivendi Universal's board of directors agreed Monday to scale back its investment in a 149-year-old water utility that was once its core business. Under the plan, media giant Vivendi Universal will reduce its ownership in Vivendi Environnement from 63% to slightly more than 40%, partly by selling $1.8 billion worth of its shares to a group of French investors as soon as market conditions are "appropriate."
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BUSINESS
July 23, 2002 | RICHARD VERRIER and CORIE BROWN, TIMES STAFF WRITERS
In a significant first step toward redefining itself, Vivendi Universal plans to sell off unprofitable portions of Canal Plus Group and float a minority stake in the remaining French pay-TV company. The move, part of a companywide effort to slash the French utility and media company's massive debt, would allow Vivendi to raise as much as $5 billion while keeping control of the powerful media property.
BUSINESS
September 18, 2002 | CORIE BROWN, TIMES STAFF WRITER
The future of one of the world's biggest entertainment companies is being held up by one man--and he seems in no hurry to let it move forward. Barry Diller, long known as one of Hollywood's shrewdest executives, has emerged as the key to what shape Vivendi Universal's entertainment operation will take in the months ahead, according to sources close to the company and Diller.
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