2003-06-12: Vivendi Universal sells its interests in Sithe International for $47 million

Vivendi Universal announced today that it has sold its interests in Sithe International (operations in Asia Pacific) to the Japanese group Marubeni for $47 million. This amount has already been received.

The transaction follows on from the sale to Apollo Energy Inc. in December 2002 of its 34% stake in Sithe Energies Inc. for $323 million. Vivendi Universal now has no assets in independent electricity production.

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