While the equity split was not revealed by CDG or RATP Dev, Jaiswal, referring to filings from the Danish corporate registry, notes that RATP Dev may hold about 66.66% to 89.99% of the JV while CDG holds a 25% to 33.33% stake.
The prequalification of ComfortDelGro’s bid for the Copenhagen Metro with its joint venture (JV) partner, RATP Dev, marks a “strategic entry” into continental Europe, says RHB Bank Singapore analyst Shekhar Jaiswal.
On Sept 16, CDG announced that its JV with RATP Dev, KBH Metro Partner has been prequalified to bid for the upcoming operations and maintenance contract for the Copenhagen Metro. The metro network comprises four lines, 44 stations and 43km of track and serves about 400,000 travellers each weekday. KBH Metro Partner is among three shortlisted operators, alongside Keolis Denmark and Metro Service A/S (ATM Group).
