The Spanish Company Vectalia stands up to Sarkozy to avoid monopoly

The Spanish Company Vectalia stands up to Sarkozy to avoid monopoly

Vectalia, the passenger transportation group controlled by the Arias’ family, has decided to stand up to the creation of a de facto public monopoly in the sector of passenger transportation in France.

The Spanish company, whose main affiliate is Subus, is one of the biggest bus operator in Spain, as well as the biggest private passenger transportation company in France. The company manages such services for the cities of Perpignan, Séte, Sophia Antipolis and Amiens, a business generating a turnover of more than 60 millions of Euros every year.
Vectalia’s strategic plan, with a turnover of 130 millions of Euros and 2,370 staff members, was experiencing a strong growth in France; but the business concentration plans promoted from the Élysée Palace, main supporter of the merger between giants Veolia Transport and Transdev, have put the project at risk.
The managers from the Spanish group assure that this integration “will leave France controlled by three big operators, with a presence throughout the national territory, excluding the possibility of foreign companies being introduced in the French market”.