28.10.02

28.10.2002: Meldung: Vivendi Environnement takes over concession in Morocco

Vivendi Environnement subsidiary of Vivendi Water has taken full control of Redal, the company holding a concession for municipal water, wastewater and electricity services in the region of Rabat-Salé in Morocco (2 million people served). Total revenue for the remaining 26 years of the contract is estimated at 4.5 billion euros.

On October 9, 2002, the contracting authority1 approved the 100% acquisition of Redal from a group of spanish and portuguese investors. Compagnie Générale des Eaux now owns 51% of Redal, the balance being owned by Compagnie Marocaine des Services à l"Environnement (CSME), the company that manages CGE"s business activities in Morocco.

The original 30-year contract includes an investment program, principally to improve the quality of services provided to the customer and extend the networks to cover the whole population.

Vivendi Environnement has now committed to achieving many additional targets, particularly improving network performance and carrying out an R&D program to upgrade the services to international standards.
Through subsidiaries Vivendi Water, Vivendi Water Systems and CGSP-Onyx, Vivendi Environnement is now a leading player in services to municipalities in Morocco, with total revenue of more than 300 million euros.

Vivendi Water, via its subsidiary Amendis, currently provides drinking water, wastewater and electricity services to 1.2 million people in the Tangiers and Tétouan districts. CGSP-Onyx operates waste management services for Fès-Agdal, Rabat-Hassan and Oujda. Vivendi Water Systems has also been made responsible by the National Water Office for doubling the Laâyoune plant"s drinking water production capacity through sea water desalination.

Vivendi Water, a subsidiary of Vivendi Environnement, is the leading global provider of water and wastewater services for municipal authorities, industrial companies and consumers. The company provides the entire range of outsourcing and design-build services, as well as equipment and systems. With operations in more than 100 countries, Vivendi Water serves over 110 million consumers and 40,000 industrial customers worldwide. It has revenues of 13.6 billion euros for 2001 and 72,600 employees.
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