Saturday, February 27, 2016

Veolia says resumed talks with CDC about Transdev exit



Veolia (VIE.PA) chief executive Antoine Frerot said on Tuesday the water and waste group had resumed talks with French state-owned financial institution CDC about promoting Veolia's stake in their Transdev public shipping joint venture.

"Talks with CDC have resumed, we hope to have an settlement approximately exiting from Transdev through the quit of this 12 months," Frerot advised reporters.

Veolia and CDC every personal 50 percent of Transdev. Veolia has long wanted to sell all or a part of its stake to CDC, however CDC refused to shop for it as long as Transdev owned afflicted France-Corsica ferry operator SNCM.

With the sale of SNCM to a Corsican firm overdue last year, the course is now clear for Veolia to barter the situations of its go out from Transdev and the shipping business, which isn't center for Veolia.

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