Latest Intelligence on Utilities in France

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Type Product title / description Pub Price
ResearchWire
ResearchWire

Utilities: 25% would consider buying phone services from utility

Published By Datamonitor
11 Apr 2002
CommentWire
CommentWire

Vivendi Universal: between a rock and hard place

Vivendi Universal, the French media and utility group, is going through its biggest crisis ever. It needs to reduce its debt exposure and raise cash to survive, but it must comply with political pressure not to sell its environmental arm to a foreign entity, casting serious doubt over Vivendi's hope of raising much cash.

Published By Datamonitor
16 May 2002
CommentWire
CommentWire

Vivendi Universal: to sell or not to sell

According to the French press, Vivendi's CEO is considering reducing his company's stake in Vivendi Environnement. This is a reversal of his view a month ago that selling the share was "not on the agenda". The move would re-orientate the group while also cutting its excessive debts. However, Vivendi will need to convince politicians it is a good idea.

Published By Datamonitor
28 May 2002
CommentWire
CommentWire

EdF: fighting on all fronts

EdF is coming under increasing pressure as it tries to find a balance between enhancing its foreign operations and preserving its domestic presence. In Italy, its prospects for gaining control over Montedison seem brighter, but could take far longer than EdF would be willing to wait. Meanwhile, the new government is stepping up the pressure by calling for GdF's privatization.

Published By Datamonitor
13 Jun 2002
CommentWire
CommentWire

Vivendi: life gets messier

Le Monde claims that Vivendi Universal tried to inflate its 2001 net profit by E1.5 billion, through treating the sale of its BSkyB stake improperly. Meanwhile, credit agency Moody's has cut Vivendi's bonds to junk status, and CEO Jean-Marie Messier has resigned. Although French national pride will make a breakup hard, Vivendi cannot survive in its current form.

Published By Datamonitor
02 Jul 2002
CommentWire
CommentWire

Vivendi: roll up for the firesale

With E18 billion in debt, Vivendi will have to divest some of its assets. The water business would be a good source of funds - but the French government will insist on a French buyer, and there are few likely candidates. Vivendi may instead be forced to sell its US-based media businesses, returning the company to how it looked six years ago.

Published By Datamonitor
05 Jul 2002
ResearchWire
ResearchWire

French electricity: almost half would switch to save under 5%

Published By Datamonitor
31 Jul 2002
CommentWire
CommentWire

EdF: let down by French politics

EdF's future plans suffered a severe blow after new PM Jean-Pierre Raffarin decided to block an increase in electricity tariffs for 2002. The decision goes against the recommendation of the economics minister, Francis Mer, to increase tariffs by 3%, which would have generated much-needed cash to support EdF's overseas expansion.

Published By Datamonitor
31 Jul 2002
CommentWire
CommentWire

EdF/GdF: a step along the long road to privatization

France's center-right finance minister, Francis Mer, wants the privatization of energy suppliers EdF and GdF to kick-start in 2004. Based on a "non-negotiable political choice", the decision could boost both firms' international strategies. However, concerns about the funding of the companies' 144,000 pensioners could delay the privatizations further.

Published By Datamonitor
09 Aug 2002
CommentWire
CommentWire

British Energy: the suitors line up

French giant EDF looks like the strongest candidate to take on troubled nuclear generator British Energy. Unlike some, EDF is not scared of nuclear power - and could use access to low cost power to support its residential businesses. However, EDF risks being rejected by competition authorities, possibly creating an opportunity for Scottish & Southern.

Published By Datamonitor
19 Aug 2002

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