'February 2003 saw the announcement that French company Vivendi (one of the big three water conglomerates – the other two being Suez and RWE AG) did what Monsieur Tony Blair just last year refused it; namely, increasing its foothold in the UK water industry. Together with the Royal Bank of Scotland, Vivendi has been allowed to acquire a 19.9% stake in Southern Water with the option to increase it to 25%.
2 This is in addition to its existing ownership of the Three Valleys, Folkestone and Dover and Tendring Hundred water companies, and gives Vivendi a 10% share of the UK’s £6bn water market. Vivendi’s patchy history makes this an especially worrying development....... '
'....... if you become unable to locate Vivendi Environment it’s not because of happy bankruptcy. It’s because they’ve changed their name. An April 2003 press release proposes that Veolia Environnement would be much nicer. And who said corporations don’t care about their reputation?'
READ THE WHOLE STORY AT:
http://archive.corporatewatch.org.uk/news/vivendi.htm
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