Rethmann Group announced the completion of the acquisition of 34% of Transdev’s share capital, enabling Transdev to accelerate its development in France and abroad.
As s part of the agreement between Caisse des Dépôts and the Rethmann Group, the Rethmann Group has acquired the 30% of Transdev’s share capital previously held by the Veolia Group. Concurrently, Rethmann 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 reaffirming its role as 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.
“We are delighted to become a long-term partner of Caisse des Dépôts Group with the aim of driving forward Transdev’s industrial development. We will bring to Transdev our knowledge of customers, our know-how and our experience of public private partnerships as we face the challenge of delivering more inclusive, collaborative and sustainable mobility,” Ludger Rethmann, a board member of the Rethmann Group said.