The Economy Minister authorized the sale of 32% of the capital of the Transdev Public Transdev Group to the German rethmann, which becomes the majority, according to a decree published on Saturday in the official magazine that acts for the privatization of the French group valued at 1.4 billion euros. The sale by the Caisse des dépôts to rethmann France of “36,101.511 the ordinary shares, or 32% of the capital” of the transdev group “is authorized” to “a price of 450,240,000 euros”, can be read in the decree signed by the general director of the Treasure of Bertrand Dumont.
This price values the company at 1,400 million euros. A complement will be specified, in the form of part of the dividend paid by Transdev in 2026 by 2025, rethmann will be paid. The CDC, the entrance to the capital of Transdev in 2017, retains 34%, while rethmann, which has several companies in the RIN in water management, recycling, logistics and agrifood, will have 66% of the company’s shares. The group is committed to maintaining the current management team.
A turnover of more than 10 billion euros in 2024
In December, the general director of the CDC Eric Lombard, current Minister of the Economy, had entrusted his desire to sell part of the participation in Transdev, no longer considering being “the best majority shareholder” of the company whose activity is now mainly outside France. Transdev has become the largest private public transport operator in North America, thanks to the acquisition of First Transit in 2023. Around a third of the Transdev activity takes place in France.
Several candidates had manifested with the Caisse des Dépôts for the acquisition of shares, but the CDC opted for Rethmann to guarantee “the continuity of Transdev’s shareholders.” Transdev, which employs more than 100,000 people in 19 countries worldwide, has first exceeded 10 billion euros in turnover last year (+7.7%) and doubled its net gain to 43 million euros.
Source: BFM TV
