Veolia and Transdev merger moves forward

Paris operator RATP looks to take assets in exchange for its 25% shareholding in Transdev

French investment firm Caisse des Dépôts and Veolia Environnement have finally reached what has been termed a ‘framework agreement’ for the merger of their public transport interests. The move will lead to the creation of a significant global transport business with interests around the world. 

The agreement will now be put forward for consultation with both employee groups and competition authorities. If approved, the newly merged group, which have annual...

+74% more