Paris, December 22, 2016 – On December 21, 2016, the Caisse des Dépôts and Veolia finalized the Transdev Group (Transdev) shareholder reorganization agreement, including Veolia’s withdrawal from Transdev, in association with the draft agreement announced on July 29, 2016.
The first step of the agreement, in which the Caisse des Dépôts was to acquire 20% of Transdev’s capital for €220 million, has been completed. As a result of this transaction, the Caisse des Dépôts now holds 70% of Transdev’s capital and takes exclusive control of Transdev, while Veolia retains, on a transitional basis, 30% of Transdev’s capital.
About Caisse des Dépôts Group
Caisse des Dépôts and its subsidiaries together form a State-owned group that is a long-term investor serving France's public interest and local and regional economic development. This role was reaffirmed by the French Law on modernisation of the economy of 4 August 2008. The Group has renowned expertise in managing public service mandates and it has earmarked four priority sectors for creating jobs and partnering industrial development and innovation: business development, the energy transition, housing, and infrastructure and mobility. http://www.caissedesdepots.fr
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Veolia group is the global leader in optimized resource management. With over 174 000 employees worldwide, the Group designs and provides water, waste and energy management solutions that 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 2015, the Veolia group supplied 100 million people with drinking water and 63 million people with wastewater service, produced 63 million megawatt hours of energy and converted 42.9 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €25 billion in 2015. www.veolia.com
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