French firm to take over Connexxion

Dutch regional public transport company Connexxion is to be bought by French firm Transdev. Transdev, in a consortium with the Dutch local authorities bank BNG, is to pay an estimated €400m for 66% of the state-owned company, the Financieele Dagblad said on Saturday.

The official announcement is set to be made on Monday afternoon, the FD said. Britain’s Firstgroup and Rabo Capital were the losers in the auction.

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