Transdev

Transdev ( until March 2013 Veolia Transdev ), headquartered in Issy -les -Moulineaux, near Paris, is the claims to be world's leading private operator of public transport. In Germany, the Group operates through its subsidiary Veolia Transport.

Background

The company was created from the completed in March 2011 merger of Veolia Transport and Transdev. The shares of the company were first ever held for half of Veolia Environnement and the Caisse des Dépôts state (CDC).

An IPO was originally scheduled within 12 months after the merger. In the course of 2011 it was announced that Veolia wanted to sell its 50% stake. The planned sale failed, however, and in October 2012 the CDC announced that it will increase its stake to 60 percent as part of a capital increase, so that the proportion of Veolia reduced to 40 percent. As part of this transaction, it was originally intended that Veolia takes a 66 % share of the ferry company SNCM of Transdev - given the chronic losses SNCM and a possible bankruptcy refuses Veolia to this agreement, which in November 2013, the Teilaustieg Veolia on ice is. [ deprecated]

Indicators

The Group employs 119,000 people in 28 countries on five continents; it generated a turnover of 8 billion euros. It operates 60,000 vehicles and handles 3.3 billion trips using 13 different modes of transport and its 27 streetcar companies.

Restructuring

Transdev was the largest provider of transportation services in Europe and the largest private railway operators around the world. In early 2013 it was announced that Transdev wants to separate from large parts of the company, including parts of the transport sector in Europe belong. Already in May 2013, all interests in Eastern Europe were sold to DB Arriva.