French company buys Connexxion

2nd July 2007, Comments 0 comments

2 July 2007, AMSTERDAM – Transport company Connexxion is to be bought over by French transport business Transdev. The Dutch state, which currently holds all the shares in Connexxion, will be selling a 66-percent stake to the French company.

2 July 2007

AMSTERDAM – Transport company Connexxion is to be bought over by French transport business Transdev. The Dutch state, which currently holds all the shares in Connexxion, will be selling a 66-percent stake to the French company.

The price Transdev is paying has not been disclosed. Two other candidates had been in the running to takeover Connexxion: British First Group and a group that included the Rabo Bank and the German railways.

The trade unions are reasonably positive about the takeover. They have been told by the French company that there are no plans to scrap jobs and that the employment benefits will remain in place at the Dutch company.

[Copyright Expatica News 2007]

Subject: Dutch news

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