Veolia Transdev: creation of the world's leading private-sector company in sustainable mobility
Paris - March 03, 2011 After consultation with the employee representative bodies of Veolia Transport and Transdev and approval by decree of the French Commission on State Shareholdings and Transfers (Commission des Participations et des Transferts) Veolia Environnement and the Caisse des Dépôts announce the creation of Veolia Transdev today, the result of the combination of their respective subsidiaries, Veolia Transport and Transdev. The company will be the world's private-sector leader in sustainable mobility with more than 110, 000 employees in 28 countries.
Following completion of the transactions set out in the agreements signed in May 2010, Veolia Transdev is owned jointly by Veolia Environnement and the Caisse des Dépôts.
Now that the adaptation of the shareholders'agreement, announced on February 7, has been approved by the relevant governing bodies, after consultation of the employee representative bodies, Veolia Transdev will have a single Chief Executive, Jérôme Gallot, with full operational responsibilities. The senior management team will implement the operational, geographic and modal synergies that have been identified and foster the rapid emergence of a common corporate culture focused on efficiency, business development, close ties with local communities and service quality.
In a global passenger transportation market driven by increasing urbanization, sustainable
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