Veolia seeks to sell its 50% in Transdev
Veolia intends to sell its 50% stake in transportation services provider Transdev, Les Echos reported, citing CEO of France-listed vendor Antoine Frerot.
The French-language daily said the group hopes to initiate the process by the year-end.
Frerot noted that the deal is pending on the sale of Transdev's troubled maritime transportation subsidiary SNCM. The Marseille commercial court will decide on the company fate on 25 September, the newspaper said.
Government-owned investment fund Caisse des depots et Consignations (CDC), which owns the other 50% in Transdev, has been keen on becoming the sole shareholder for years, Frerot said.
Les Echos