Veolia Environnement, a French water and waste group company, has a better nine-month revenue. It is said that this nine-month earnings rise is due to their strong international operations. Veolia said that they remained on track to sell a part of Transdev, their transport unit, to CDC, which is a state bank in France.
According to Antoine Frerot, who is the Chief Executive of the Veolia Environnement, the French state bank was still interested when it comes to increasing its stake in Transdev once there will be a solution for the SNCM unit, which is a Mediterranean ferry operator. As of the moment, both Veolia Environnement and CDC hold 50 percent share of the transport firm Transdev.
Veolia is set to talk again with CDC in the first or second quarter of 2015 once the administrator, which is appointed by the court, has already completed the process of looking for a buyer for the assets of the France-Corscia ferry operator. However, he added that this does not mean that the CDC and Veolia cannot have an informal talk for the mean time.
Will CDC still be interested in increasing its stake in the transport unit Transdev or not? It is their decision that we have to wait.