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Veolia Environnement SA (Euronext: VIE, NYSE: VE) is a multinational French company with activities in four main areas - water supply and water management, waste management, energy and transport services. In 2007 it had revenues of $47bn and employed around 300,000 people. It is quoted on Euronext Paris and the New York Stock Exchange. Between 2000 and 2003 the company was known as Vivendi Environnement, having been spun off from the Vivendi conglomerate, most of the rest of which became Vivendi. Prior to 1998 Vivendi was known as Compagnie Générale des Eaux.
[edit] HistoryOn December 14, 1853, a water company named Compagnie Générale des Eaux (CGE) was created by an Imperial decree of Napoleon III. In 1854, CGE obtained a concession in order to supply water to the public in Lyon, serving in this capacity for over a hundred years. In 1861, it obtained a 50-year concession with the City of Paris. For a hundred years, Compagnie Générale des Eaux remained largely focused on the water sector. However, following the appointment of Guy Dejouany as CEO in 1976, CGE extended its activities into other sectors with a series of takeovers. Beginning in 1980, CGE began diversifying its operations from water into waste management, energy, transport services, and construction and property. It acquired the "Compagnie Générale d'Entreprises Automobiles" (CGEA), specialized in industrial vehicles, which was later divided into two branches: Connex and Onyx Environnement. CGE then acquired the "Compagnie Générale de Chauffe", and later the Montenay group. The Energy Services division these companies became part of was later (1998) renamed "Dalkia". CGE's expansion into communication commenced with the establishment of Canal+ in 1983, the first Pay-TV channel in France This expansion was accelerated after Jean-Marie Messier succeeded Guy Dejouany on June 27, 1996. In 1996, CGE created Cegetel to take advantage of the 1998 deregulation of the French telecommunications market, accelerating the move into the media sector which would culminate in the 2000 demerger into Vivendi Universal and Vivendi Environnement. [edit] VivendiMain article: Vivendi SA In 1998, Compagnie Générale des Eaux changed its name to Vivendi, and sold off its property and construction divisions the following year. In July 2000, Vivendi spun off the remaining water and waste companies into Vivendi Environnement (IPO in Paris in July 2000 and in New York in October 2001), later (2003) renamed Veolia Environnement. Vivendi went on to list on the New York Stock Exchange (as "V"), and in December, announced a major merger with Canal+ and Seagram, the owner of Universal Studios film company, to become Vivendi Universal and now named Vivendi. [edit] VeoliaAntoine Frérot is the CEO of the Group. Its Veolia Water division remains the largest private water company in the world. [edit] West Carrollton plant explosionOn May 4, 2009, a Veolia Environmental Service's plant in West Carrollton, Ohio exploded. The blast leveled two buildings on the property which were a laboratory and a building that had several 200,000 gallon chemical tanks. This particular plant handles fuel blending among other services. Two workers at the plant were injured in the blast. [2] The explosion caused $50 million in damage to the plant itself. More than a dozen homes up to a mile radius from the blast were also damaged due to the explosion. [edit] See also[edit] Major subsidiaries
In 2006 Veolia Environmental Services bought Cleanaway UK for £565 million
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Categories: Companies listed on the Euronext exchanges | Companies listed on the New York Stock Exchange | CAC 40 companies | Water companies of France | Companies established in 2000 | Multinational companies | Veolia | Waste management companies of the United Kingdom | Waste management companies of the United States | |||||||||||||||||||||||||||||||
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