RATP enters UK market with Transdev Veolia deal

RATP Devs Jean-Marc Janaillac is clearly aiming to grow the Parisian operators business

RATP Devs Jean-Marc Janaillac is clearly aiming to grow the Parisian operators business

RATP, the Paris public transport authority, has concluded negotiations with French utilities giant Veolia and Caisse des Dépôts, the parent company of Transdev, that will see the operator relinquish its stake in Transdev in return for a number of the two groups' transport assets.

The conclusion of a deal with RATP comes as Transdev and Veolia moved closer to their long awaited marriage last month. After consultation with employee groups, Caisse des Dépôts and Veolia...