Veolia Nearing Accord With CDC on Transdev Holding, Figaro Says

The French state-owned bank Caisse des Depots et Consignations plans to raise its stake in Veolia Environnement’s Transdev transport venture to 60 percent from 50 percent with the water utility retaining a 40 percent holding, Le Figaro said, citing unidentified people.

Veolia spokeswoman Marie-Claire Camus declined to comment and a spokesman at Paris-based CDC wasn’t immediately available for comment today on the report, part of the French water company’s debt restructuring plan and asset disposal strategy.

To contact the reporter on this story: David Whitehouse in Paris at dwhitehouse1@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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