28 January 2009 - Gide Loyrette Nouel advises on Veolia Transport-RATP Développement public transportation joint venture for the Asian market:

Gide Loyrette Nouel is assisting on the establishment of a significant 50-50 joint venture between Veolia Transport and RATP Développement, a subsidiary of major French mass transit operator RATP, designed to enhance the two companies’ growth potential in Asia over the next twenty years.

The entity’s business activity will cover the operation and maintenance of urban and commuter passenger transportation systems throughout Asia which are expected to reach an estimated revenue target of EUR 500 million in 2013. Under the agreement Veolia Transport will transfer to the joint venture its existing contracts and operating companies in China, India and South Korea.

Gide Loyrette Nouel advised on the establishment of the joint structure and drafting of the relevant documentation. The Paris team is being led by partner Charles-Henri Leger together with partners Gilbert Ladreyt (tax), Antoine Choffel and Stéphane Hautbourg (competition) and Antoine de La Gatinais (corporate), with assistance from senior associates Sophie Deis-Beauquesne, François Dumonteil (competition) and Alexis Pailleret (corporate).