Environnement

PARIS—Shares in French waste-and-water utilities Veolia Environnement SA and Suez Environnement SA fell Wednesday as both companies confirmed they were under a formal probe by the European Commission antitrust body for a potential breach of antitrust law in the French water market.

Veolia, Suez Confirm EU Antitrust Probe Geraldine Amiel 2012

In cases of breaches of law on cartels, the commission may impose fines of up to 10% of total annual revenues, which would represent €3.4 billion $4.33 billion for Veolia and €1.5 billion for Suez Environnement, but "the history of fines imposed by the Commission shows much lower levels of penalties," Goldman Sachs Group Inc. analysts said.

Veolia, Suez Confirm EU Antitrust Probe Geraldine Amiel 2012

Michael Halbwachs is the head of the French gas-extraction company DATA Environnement.

Scientists Work to Prevent Cameroonian Lake from Exploding 2011

In Paris, the CAC 40 index lost 1% to 4020.21—1.2% for the week—weighed down by a decline in defensive utility stocks like Veolia Environnement , down 3.7%, and GDF Suez, which fell 2.3%.

European Stocks Slip Aude Lagorce 2011

PARIS—French waste and water utility Veolia Environnement SA Friday posted a 0.1% drop in its net profit, falling short of expectations despite netting proceeds from asset sales.

Veolia's Profit Dips, Plans Asset Sales Geraldine Amiel 2011

In contrast, rival Suez Environnement, whose share price has consistently outperformed Veolia's, is far more focused.

Veolia Bins Its Global Ambitions Matthew Curtin 2011

Veolia's earnings came a day after French peer and rival Suez Environnement SA, announced solid first-half earnings, benefiting from its comparatively narrow geographical presence and range of activities.

Veolia Posts Loss, Plans Shake-Up Geraldine Amiel 2011

PARIS—Pointing to a worsening business environment in Italy, North Africa and the U.S. that resulted in a net loss for the half-year and a large impairment, Veolia Environnement SA on Thursday announced a corporate overhaul of the company that includes divestitures and a significant geographic scale-back.

Veolia Posts Loss, Plans Shake-Up Geraldine Amiel 2011

For a specialist in managing waste, Veolia Environnement has taken a long time to dump its underperforming businesses.

Veolia Bins Its Global Ambitions Matthew Curtin 2011

In PARIS, the CAC 40 index fell 1% to 4020.21, leaving it down 1.2% for the week—weighed down utility stocks such as Veolia Environnement, down 3.7%, and GDF Suez, which fell 2.3%.

Global Surge Loses Steam Aude Lagorce 2011