Butthe French company’s biggest shareholder, Transdev, said a deal hinged onfinding a solution to a European Union demand for repayment of EUR 440m ($605.5m) instate aid for subsidised routes. The ruling is being appealed by France.
Reuters said Transdev, controlled by Veolia and state-backed Caisse des Depotset Consignations, has notified the transport ministry about a potential sale ofits 66% stake.
"Thetalks are conducted in good faith and with the will to come to an agreementsoon," Transdev CEO Jean-Marc Janaillac wrote to French transport ministerFrederic Cuvillier.
"Therehas
