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BRIEF-Veolia says reached deal with French state bank CDC for Transdev stake
July 29, 2016 / 5:21 PM / a year ago

BRIEF-Veolia says reached deal with French state bank CDC for Transdev stake

July 29 (Reuters) - Veolia:

* French water and waste group Veolia says it has reached deal with state bank Caisse des Depots (CDC) on passenger transport group Transdev shareholding and Veolia's divestment.

* Veolia says CDC will acquire 20 percent of Transdev's capital for 220 million euros ($245.52 million), valuing 50 percent of Transdev at 550 million euros.

* Veolia says CDC will hold 70 percent of Transdev's capital after the deal and will take complete control. Veolia will keep 30 percent of the company.

* The companies expect the deal to be completed by end-2016 Source text for Eikon: Further company coverage: [ ] ($1 = 0.8961 euros) (Reporting by Paris Newsroom)

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