Under new management?

Mickey H · 07-12-2011, 00:50

It is reported elsewhere, including

http://www.reuters.com/article/2011/...7N60I420111206

that Veolia is disposing of ALL its transport assets. Is there any information as to how this will affect LUAS?

dowlingm · 07-12-2011, 03:33

The National Pension Reserve can do what Caisse Des Depots did and buy out... oh wait the Eurocracy made us give away the NPRF to save the European Banking System. Oh well.

Colm Moore · 07-12-2011, 04:18

Possibly slightly complicated by the recent Transdev deal.

http://www.veolia-transport.ie/conte...?_p_=41&_pp_=8
http://www.veolia-transport.ie/conte...?_p_=26&_pp_=8

There is a company TRANSDEV RATP IRELAND LTD. Veolia has a bunch of companies in the waster, water and environmental area. Dalkia again has several companies and seems to operate in energy and maintenance services.

Mark Gleeson · 07-12-2011, 09:32

Each franchise (as Luas is) normally consists of a dedicated company for that single purpose owned by the parent

So there are a few choices.

1) Veoila retain it as it is profitable
2) Sell it on its own with possible management buy out
3) Sell all Irish/UK transport holdings as a unit

The reality is no change to Luas services at any point. The contract is still there. Had metro north gone ahead the winning bidder would probably be first in the queue for a trade sale pitch to consolidate

07-12-2011, 00:50	#1
Mickey H Really Regular Poster Join Date: Oct 2007 Posts: 279	Under new management? It is reported elsewhere, including http://www.reuters.com/article/2011/...7N60I420111206 that Veolia is disposing of ALL its transport assets. Is there any information as to how this will affect LUAS? __________________ 26271 12-60

07-12-2011, 04:18	#3
Colm Moore Local Liaison Officer Join Date: Dec 2006 Posts: 5,442	Possibly slightly complicated by the recent Transdev deal. http://www.veolia-transport.ie/conte...?_p_=41&_pp_=8 http://www.veolia-transport.ie/conte...?_p_=26&_pp_=8 There is a company TRANSDEV RATP IRELAND LTD. Veolia has a bunch of companies in the waster, water and environmental area. Dalkia again has several companies and seems to operate in energy and maintenance services. __________________ Last edited by Colm Moore : 07-12-2011 at 04:26.

07-12-2011, 09:32	#4
Mark Gleeson Technical Officer Join Date: Dec 2005 Location: Coach C, Seat 33 Posts: 12,669	Each franchise (as Luas is) normally consists of a dedicated company for that single purpose owned by the parent So there are a few choices. 1) Veoila retain it as it is profitable 2) Sell it on its own with possible management buy out 3) Sell all Irish/UK transport holdings as a unit The reality is no change to Luas services at any point. The contract is still there. Had metro north gone ahead the winning bidder would probably be first in the queue for a trade sale pitch to consolidate __________________ Unhappy with new timetable - let us know

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07-12-2011, 03:33	#2
dowlingm Really Really Regluar Poster Join Date: Aug 2006 Location: Toronto, Canada Posts: 1,371	The National Pension Reserve can do what Caisse Des Depots did and buy out... oh wait the Eurocracy made us give away the NPRF to save the European Banking System. Oh well.