Veolia stays open to acquisitions; net jumps 59%

Article Abstract:

Veolia Environnement S.A. of France posted soaring 2005 net profit, up 59 percent to 623 million Euros ($742.3 million) from 391.5 million Euros in 2004. Revenue for the water utilities company rose 12 percent to 25.24 billion Euros.

Company Profile

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AXA to sell reinsurance unit

Article Abstract:

AXA Re of France the subsidiary of AXA S.A., is to be bought by a consortium including Stone Point Capital L.L.C. of the United States. Paris Re Holdings is paying 120 million Euros ($155 million) above Axa Re's net value.

Acquisitions & mergers, INSURANCE CARRIERS, Mergers, acquisitions and divestments, Company acquisition/merger, Insurance industry, Company overview, AXA Reinsurance

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Write-down of U.S. filter unit leads to first-half net loss

Article Abstract:

Veolia Environment S.A. posted a major net loss of 2.10 billion euros for the 2003 first half period. The company was hurt by a write-down of 2.23 billion euros.

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