RATP enters UK bus market with Transdev Veolia deal

RATP will gain the Yellow Buses business in Bournemouth

RATP will gain the Yellow Buses business in Bournemouth

RATP, the Paris public transport authority, has concluded negotiations with French utilities giant Veolia and Caisse des Dépôts, the parent company of Transdev, that will see the operator relinquish its stake in Transdev in return for a number of the two groups' assets.

The deal to acquire the assets is part of the merger process between Veolia's transport business and Transdev. RATP held a 25.66% stake in Transdev and,

through this transaction, Transdev and Veolia Transport will...