Waste360 is part of the divisionName Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

French Environmental Company Jettisons Assets

Los Angeles –- Paris-based media company Vivendi Universal is selling half of its remaining 40 percent interest in its environmental company to unnamed investors. The sale will raise 2 billion euros ($2.01 billion), but the move may eliminate Vivendi’s environmental interests completely. Vivendi Universal says it plans to expand its entertainment interests while making debt annihilation a top priority. The company also has named Barry Diller co-chairman and CEO of a new management division called Universal Entertainment. Diller’s appointment will allow Vivendi Universal Chairman Jean-Rene Fourtou to focus on selling off assets accumulated under former CEO, Jean-Marie Messier, according to the

Associated Press

.