| Decision | Consent Granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 08 May 2025 |
| Pathway | Significant business assets |
| Investment | Acquisition of a further 32% of the shares in Transdev Group S.A. |
| Asset value | $125,000,000[1] |
| Applicant | Rethmann France SAS |
| Vendor | Caisse des Dépôts et consignations |
| Background | The Applicant is a limited liability entity, ultimately wholly owned by Rethmann SE & Co. KG, which is akin to a limited partnership; incorporated in Germany. The Applicant is buying a further 112,817,223 or 32% of the ordinary shares in Transdev Group S.A. The Applicant and the Vendor presently own 34% and 66% respectively in Transdev Group S.A. through a prior consent; which will switch around, post-transaction. Transdev Group S.A. is an operator of transport services in 19 countries including New Zealand and Australia. Bus services in Wellington and Auckland, train services in Wellington are part of the operations of its NZ based subsidiaries. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Tessa Baker
[1] The current value of the New Zealand gross assets of Transdev Group SA and its more than 25% subsidiaries. |