In accordance with the agreement reached on 2 October 2018, the RETHMANN Group has acquired the 30% of Transdev’s share capital previously held by the Veolia Group for EUR340 million (US$390 million). The sale marks the end of Veolia’s withdrawal process from the Transport business.

Concurrently, the RETHMANN Group has contributed its passenger public transport activities in Germany (Rhenus Veniro) to Transdev, via a 4% reserved capital increase. After completion of the capital increase, the RETHMANN Group will hold 34% of Transdev’s capital. 

Caisse des Dépôts Group retains exclusive control of Transdev, with more than two thirds of the voting rights and 66% of Transdev’s capital, thus remains the long-term majority shareholder.

The completion of the acquisition of this shareholding follows the granting of regulatory approval by the respective authorities in Germany, Austria and Australia and presentation of the project to the employee representative bodies.