Veolia announces today that it has signed a draft agreement with German group Rethmann for the sale of its remaining 30% stake in Transdev for EUR 340 million.
Following the sale of its 20% stake to Caisse des Dépôts in December 2016, Veolia and CDC jointly sought a new shareholder both interested in acquiring Veolia’s remaining 30% stake in Transdev and to support the company’s future development. This acquisition project of Rethmann in Transdev will be presented to the employee representative bodies of Transdev and submitted for approval to the relevant authorities with a view to its closing, which is expected at the turn of 2018.
This transaction will mark the end of Veolia’s withdrawal process from the Transport business.------
Veolia group is the global leader in optimized resource management. With nearly 169 000 employees worldwide, the Group designs and provides water, waste and energy management solutions which contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.
In 2017, the Veolia group supplied 96 million people with drinking water and 62 million people with wastewater service, produced nearly 55 million megawatt hours of energy and converted 47 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €25.12 billion in 2017 (USD 30.1 billion). www.veolia.com
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