AMSTERDAM, July 2 (Reuters) - The Dutch Finance Ministry said on Monday it has reached a deal to sell a two-thirds stake in public transport company Connexxion to a group made up of French rival Transdev and Bank Nederlandse Gemeenteen [BNG.UL].
The ministry did not provide financial details. On Saturday, Dutch newspaper Financieele Dagblad reported the bidders paid 400 million euros ($537.8 million) for the stake, valuing Connexxion at 600 million euros.
The ministry plans to sell the rest of Connexxion after five years.
Last year British company FirstGroup (FGP.L) and Dutch Rabobank [RABN.UL] had shown interest in Connexxion.
Connexxion operates an extensive fleet of buses, vans and other vehicles for public transport in the Netherlands. Transdev is majority owned by French state-owned Caisse des Depots (CDC).
The sale is subject to approval from the European competition authority.