Subject to commitments, the Autorité de la concurrence clears
the merger between Veolia Transport and Transdev, respective subsidiaries
of Veolia Environnement and of the Caisse des Dépôts et Consignations
On 12 August 2010, the European Commission referred to the Autorité de la concurrence for an examination, for France, of the project to create a joint venture between Veolia Environnement and the Caisse des Dépôts et Consignations (“CDC”), that would group their respective transport subsidiaries, Veolia Transport and Transdev.
After an initial investigation phase, the Autorité de la concurrence decided to launch an in-depth examination on 13 September 2010. This examination notably involved a consultation with the main actors in the markets for the road transport services for travellers.
The Autorité considers that the proposed merger raises competition concerns on the urban and intercity public transport markets outside of the Ile-de-France.
In order to remedy the identified adverse effects on competition, Veolia Environnement and the Caisse des dépôts et des consignations have, before the Autorité de la concurrence, assumed several innovative and substantial commitments.
Regarding the market for the urban public transport of travellers (outside of the Ile-de-France):
- compensating all or part of the response expenses for candidates not selected during calls for tenders, thereby encouraging more competitors to take part in them;
- the recourse by local and regional administrations, notably small ones, to project management assistance services in order to help them to improve their knowledge of the networks and therefore the efficiency of the competitive procedures that they organise.
The financing of these competition stimulation actions will be reserved for the transport networks in which Veolia Transport and Transdev are the outgoing operators and that will be subject to open competition within five years of the operation's realisation date. The fund's manager will be independent of the parties and approved by the Autorité de la concurrence, and under the supervision of a trustee who will see to it that the candidates (for the reimbursement of the response expenses) or the local and regional administrations (for the handling of the project management assistance) that are eligible to apply to this fund are treated in an objective, transparent and non-discriminatory manner. By stimulating the number of submitted tenders, these measures are intended to intensify competition during calls for tenders.
On the market for the intercity public transport of travellers (outside of the Ile-de-France):
An independent trustee, approved by the Autorité de la concurrence, will monitor the proper implementation of all of these commitments.