Veolia in 50/50 deal for Hong Kong Tramways
HONG KONG, April 7 |
HONG KONG, April 7 (Reuters) - French environmental and transportation giant Veolia (VIE.PA) and Hong Kong conglomerate Wharf Holdings (0004.HK) on Tuesday announced a deal to jointly own and operate Wharf's Hong Kong Tramways Ltd.
Hong Kong Tramways has been in operation since 1904 and its passenger trams, which cost HK$2 (about 26 cents) per ride, are an iconic part of the Hong Kong cityscape.
The value of the deal was not disclosed. (US$=HK$7.8) (Reporting by Sui-Lee Wee; Editing by Jonathan Hopfner)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters