Transdev

Transdev, formerly Veolia Transdev, is a France-based international private-sector company which operates public transport. It has operations in 17 countries and territories as of November 2020. Transdev was formed on 3 April 2011 via the merger of Veolia Transport and Transdev S.A., being initially equally owned by Veolia Environnement and Caisse des Dépôts et Consignations (CDC), the former soon announced plans to divest its holding in the business. Early priorities of Transdev were to largely focus upon its four core markets (France, the Netherlands, Germany, and the United States) while disposing of its less profitable ventures based in most other countries to consolidate. At the time of merger, Transdev operated in 27 countries to varying extents. During January 2019, Veolia sold on its remaining 30% shareholding in Transdec to the Rethmann Group; the company has since integrated some of its subsidiaries with those of Transdev. Transdev was formed through the merger of Veolia Transport and Transdev S.A. on 3 April 2011. Veolia Environnement and Caisse des Dépôts et Consignations (CDC) had 50% shareholdings. It was initially planned for the company to be sold by an initial public offering, potentially accompanied by a rebranding, within 12 months of the merger. On 6 December 2011, Veolia Environment, seeking to reduce debt and focus on its core businesses of water, waste and energy, announced a €5 bn divestment program over 2012/13 that would include a sale of its share in Veolia Transdev within two years. At the time of the announcement, Veolia Transdev declared its intention to concentrate on four main markets (France, the Netherlands, Germany, and the United States), to develop its presence in the United Kingdom, Asia and Australia and to divest from other countries and other activities amounting to about 9–10% of global revenue in 2012/13. After this announcement, the Caisse des Dépôts et Consignations, for its part, officially reiterated its commitment to Veolia Transdev and its continued support as a shareholder to the group's development.