Veolia-Transdev merger

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quattro
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Veolia-Transdev merger

Post by quattro »

Admin: I have change the subject to just Veolia-Transdev Merger so that all merger items can be included in this thread - I have also merged in one post where a new thread was being started on this subject.

Hi,

Press in Europe are reporting a possible merger of these two transport giants.

Veolia could consider Arriva as alternative to Transdev in spin-off of transport subsidiary
By Sophie Sassard

Published: June 16 2009 13:46 | Last updated: June 16 2009 13:46


This article is provided to FT.com readers by mergermarket—a news service focused on providing actionable, origination intelligence to M&A professionals. http://www.mergermarket.com
--------------------------------------------------------------------------------------------------------

Veolia Environnement (Veolia) could consider Arriva as an alternative to Transdev in its attempt to merge transport subsidiary Veolia Transport with an industry partner, sources familiar with the situation and bankers told mergermarket.

Arriva, the listed UK-based international public transport group, and National Express, the UK-listed coach and train operator, would be potential matching partners for Veolia Transport in the event a deal with the French public transport operator Transdev failed, one of the sources said.

The French, listed, water and waste management services group made public on Tuesday 9 June its interest in merging Veolia Transport with Transdev. ”The new group arising out of the merger of the two units would seek a stock market listing as soon as conditions permit,” the statement said.

A second source familiar with the situation didn’t rule out Arriva or National Express as potential fits for a merger, but underlined that Veolia is not seeking to liaise with them at present.

An insider at Arriva said Veolia was interested in expanding in the UK public transport market.

Discussions between Transdev’s 75% owner Caisse des Dépôts et Consignations (CDC), seller of 25% of RATP, Veolia and the other interested party Keolis are at an early stage, according to insiders at Veolia and RATP and the sources. Veolia’s abrupt publication of a press release on Tuesday was seen as a sign of nervousness by different sources familiar with the situation.

“It shows Veolia is nervous about this deal and wants to affirm it is part of the process”, the first source speculated. Veolia is acting in an aggressive way because it might not be the favourite bidder, he said.

A third source agreed Veolia might be nervous, adding it really needs Transdev to spin off and list the transport division. The source speculated it would be difficult for Veolia to find a partner other than Transdev. “The only player interested was Arriva but they were asking too many conditions for the deal to go through,” the source said. According to him, it is very unlikely that Veolia Transport will manage to list on the stock exchange on a stand-alone position. ”They have lost many contracts this year: Stockholm, Bordeaux and possibly Melbourne,” the source said.

A sector banker could not see any other potential candidate for a merger with Veolia Transport.

Keolis is mainly controlled by financiers through Financiere Keos, holding 99.78% of the company. The financiers structured the business in order to maximize returns, a fourth source said. Therefore, Keolis has stronger economic performances than Veolia Transport – about the same EBITDA whereas Keolis has half of Veolia Transport’s turnover. Keolis also has the advantage of being more focused in northern Europe, whereas Veolia Transport’s activities are much more widespread, according to the fourth source.

Keolis reported EUR 3.17bn turnover in 2008, up 14.7%, and EUR 229.5m EBITDA, up 19.3%.

Disposing of its transport division would enable Veolia to survive financially in the short- to mid-term, a banker said. Veolia Transport reported EUR 6.059bn turnover in 2008.

Veolia, Arriva and National Express declined to comment.
Last edited by quattro on Fri Apr 02, 2010 1:20 am, edited 1 time in total.

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Re: Veolia & Transdev Possible Merger

Post by DiAmOnD T »

Sorry Quattro,

Despite what you have found it is all very quashed and a big non event. The bulk of it is all about stocks and shares, not mergers for running transport
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Re: Veolia & Transdev Possible Merger

Post by 1whoknows »

This issue was previously aired in the run up to the awarding of the Melbourne train and tram tenders. It certainly delayed the announcement and there was some speculation that it might have tipped the scales against Yarra Trams at the death knock.
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Re: Veolia & Transdev Possible Merger

Post by athlon »

That article is a month old now, more has developed over the last month.

A search of google news comes up with this article.

Veolia closes in on Transdev transport merger

* Veolia, CDC enter talks on Transdev merger

* New company to be 50/50 owned between Veolia and CDC

* New transport group to have around 8 bln eur revenues

* Could float new transport company (Adds detail, background)

PARIS, July 22 (Reuters) - French utility group Veolia (VIE.PA) and state bank Caisse des Depots agreed to start talks about merging their transport businesses to create a new company with 8 billion euros ($11.35 billion) in proforma revenues.

The two groups said on Wednesday that the operation would take the form of a merger between Veolia Transport and Transdev, which is currently 70 percent owned by the Caisse des Depots.

Veolia and the CDC would each end up with 50 percent of the new transport company, which they said would be a "global leader in public passenger transport" and would have 130,000 employees.

Although both companies recently denied having sealed a deal on Transdev, speculation had been rife in the French media that a Transdev/Veolia Transport merger was imminent.

The companies said the merger still required final agreement as well as approval by regulators and the RATP, a French public transport body which owns 25.6 percent of Transdev.

They added that they planned to list the new transport company on the stock market, if market conditions were suitable for a flotation.

"This merger opens up outstanding growth prospects benefiting the personnel, clients and shareholders of Veolia," Veolia Chairman and Chief Executive Henri Proglio said in a statement.

http://www.reuters.com/article/rbssUtil ... 3620090722

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Veolia-Transdev merger, on the brink of finalization

Post by quattro »

Veolia-Transdev merger, on the brink of finalization

03-11-2010 11:12

According to Antoine Frérot, general manager Veolia Environnement, the merger between public transport operator Veolia Transport and Transdev is scheduled to be finalized in H2 2010.
The new joint-venture will be listed on the stock market in H1 2011.
The management board will meet with the representatives of the employees until the end of April. This operation requires the approval of the authorities on competition. To that end, a pre-notification was submitted to the European Commission. The actual notification will be sent following the meeting with the representatives of the employees.

Source: www.lefigaro.fr

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Re: Veolia-Transdev merger, on the brink of finalization

Post by Fleet Lists »

Today when I logged on to the Veolia NSW website, this message came up
The 119,000 employees of Veolia Transport and Transdev, in 28 countries around the world, are proud to announce the creation of Veolia Transdev. Our ambition is to set the standard in public passenger transportation.
I had not seen that before.
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Re: Veolia-Transdev merger, on the brink of finalization

Post by VivalaBuses »

Does that make Shorelink "Veolia Transdev TSL"?
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Re: Veolia-Transdev merger, on the brink of finalization

Post by Daniel »

Potentially. We will have to wait and see what the merger will mean for Australian operations and branding.

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Re: Veolia-Transdev merger, on the brink of finalization

Post by Fleet Lists »

The new world wide website is http://www.veoliatransdev.com/en/

Key question (which do not help us much except that we are part of Asia and the Pacific) http://www.veoliatransdev.com/en/key-questions/
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Re: Veolia-Transdev merger, on the brink of finalization

Post by athlon »

This Statement can be found on the Veolia Transport NSW and Shorelink websites.
Introducing A New Company: Veolia Transdev

The shareholders of Veolia Transport and Transdev have been working towards a merger between the companies for the past two years. It has now been announced that the talks are complete and Veolia Transdev was created on 3 March 2011.

The new Veolia Transdev global CEO, Jérôme Gallot, said, "...the creation of this new company...is a milestone in the history of public passenger transportation. The merger of these two major international operators has produced the world's largest privately-owned sustainable mobility provider, with a presence in 28 countries worldwide...Veolia Transdev is not only the transportation industry's number one private company in terms of revenue, which currently stands at more than €8 billion; it is also the leader in terms of human resources (119,000 staff), professional skills, multimodal experience and innovation...'

In Australasia, the group comprises eight businesses in six cities/regions covering five transport modes. Veolia Transdev now operates: trains in Auckland; ferries in Brisbane; buses in Sydney, Brisbane, the SW of Western Australia and Perth; and the Sydney light rail and monorail systems.

The main advantage of the new company is that it embodies a new approach to business based on offering services that are both multimodal and fully integrated. With extensive experience in blending public and private interest and expertise in contract design, complemented with the unique characteristics of both of its shareholders, Veolia Transdev is the answer to both collective interests and individual needs.

Jonathan Metcalfe, CEO of Veolia Transdev in Australasia, commented, "We are proud to bring the strength of an international business to work at a local level. Personally, I am honoured and excited to be leading the Veolia Transdev teams here in Australasia. We will continue to push for the needs of our customers, exceed expectations and strive to enhance the wider public transport sector."
I wonder if Veolia Transportation in Sydney, will be renamed Veolia Transdev in contract region's 10, 11 and 13. I know we will still have to wait to see what will be happening with the TransdevTSL operation's in Australia, as there is another party involved.

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Re: Veolia-Transdev merger, on the brink of finalization

Post by R-C »

TSL is no longer owner of Transdev

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Re: Veolia-Transdev merger, on the brink of finalization

Post by Fleet Lists »

That was discusses at some length in http://www.busaustralia.com/forum/viewt ... ia#p677277

The Shorelink history on their website appears to have changed since then and had the Transfield TSL part deleted.

I believed TSL never owned Transdev - Shorelink was supposed to have been jointly owned by the two.

But if that is no longer the case, that simplifies the whole thing as far as the merger is concerned.
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Re: Veolia-Transdev merger, on the brink of finalization

Post by athlon »

I found this in the lastest Transfield services half year results.
On 6 December 2010 the Group dissolved its interests in Transdev-TSL Pty Limited, Transdev NSW Pty Limited and Metrolink Queensland Partnership.
It also states in the report that previous to this date Transfield had a 50% interest in Transdev – TSL Pty Limited, Transdev NSW and Metrolink Queensland (Brisbane Ferries).

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Re: Veolia-Transdev merger, on the brink of finalization

Post by Fleet Lists »

That certainly clarifies that.
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Veolia Transdev

Post by LB608 »

Has Any One Seen Any Branded Veolia Transdev Things Yet?
Here In New Zealand There Are Planty Of Posters,But No Trains Branded Yet,All Staff Are To Have New Uniform Before The World Cup.

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Re: Veolia-Transdev merger

Post by Fleet Lists »

Nothing in Sydney as yet - both Transdev and Veolia still appear to be operating as autonomous operations at this stage.
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Re: Veolia-Transdev merger

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All we have is posters... New uniforms coming soon apparently...
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Re: Veolia-Transdev merger

Post by LB608 »

The Mission Statement On The Posters Is ""Together Inventing New Mobility Solutions For The Good Of Our Planet,The Sustainable Growth Of Cities And Regions And The Well Being Of Our Passengers."

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Re: Veolia-Transdev merger

Post by 1whoknows »

On that basis - they are doomed
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Re: Veolia-Transdev merger

Post by 08 XDi »

French Multinational wrote:"Inventing New Mobility Solutions"
So what - air-conditioned, wheelchair accessible catapults?
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Re: Veolia-Transdev merger

Post by 2MSJ »

I have recieved an email from a manager at Veolia, which features a Veolia Transdev logo
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Re: Veolia-Transdev merger

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I received an email from Shorelink today which included a comment that there are no plans at this stage to combine the Sydney Transdev and Veolia bus operations.
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Re: Veolia-Transdev merger

Post by LB608 »

Here In NZ Every Month We Get A Staff News Update Called "Along The Lines" Only This Time It Is Veolia Transdev 'Along The Lines" On Page 3 There Is A Photo Of Transdev 135 & A Brisbane Ferry & A Small Story About Each Company.

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Re: Veolia-Transdev merger

Post by Eagle Eye »

Can We Please Stop Writing Every Single Word In Title Case, It Is Very Hard To Follow And Understand, Not To Mention Sore On The Eyes. Thank you kindly.

It is interesting to see Transfield Services awarded two major contract areas of Adelaide Metro's bus system a couple of days ago. There were very strong rumours that Veolia Transdev would pick up a contract area or two, particularly when a PM coordinator position was advertised on Veolia's website for a new 'operation' commencing in Adelaide soon.

Anyway, with Transfield Services winning the contracts, Light-City Buses will be established in Adelaide and commencing operations on Sunday 2 October 2011. This will result in approximately 60% of Torrens Transit staff moving to Light-City Buses come October.

Interesting times ahead, let's all keep our eyes peeled! :shock:

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Re: Veolia-Transdev merger

Post by Fleet Lists »

With Transfield not now being associated with Transdev or Veolia, this really has nothing to with the Transdev Veolia merger.
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