Is Veolia environment and Vivendi universal related?
Favorite Answer
Are they related?-short answer yes.
Is there a relationship between the two?-short answer no
Are they related at all?-long answer see below.
Vivendi Universal set up Vivendi Environnment (yes with two n’s) as a consolidated subsidiary in 1999. Vivendi Env. was a combination of Vivendi Water, Onyx (waste), Dalkia (energy), and Connex (transportation). The company was spun off as an IPO, July 2000 in France, and October 2001 in the US. Vivendi still held 70% of the company’s stock. Why? Because Vivendi was struggling due to its losses on the Universal side. By late 2002, Vivendi’s intrest dipped to 20%, In 2003 Vivendi shareholders agreed to re-name the company Veolia Environnment. Why? To get away from the negative perception of the losses that Vivendi had sustained. Vivendi still holds approx. 5% of the common stock. In Fall of 2005 the branding conversion was made on all assests-Veolia Water, Veolia Environmental Services, Veolia Energy, and Veolia Transportation. With the exception of Onyx North America. That transition occured in June 2006. It is now part of the of Veolia Env. brand.
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