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Veolia to buy half of Hong Kong Tramways -source

Mon Apr 6, 2009 11:39pm EDT

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HONG KONG, April 7 (Reuters) - French environmental and transportation giant Veolia (VIE.PA) is close to a deal to buy about half of Hong Kong Tramways Ltd from conglomerate Wharf Holdings (0004.HK) with an option to buy the rest at a later date, a person with direct knowledge of the deal said.

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.

No other details were immediately available. A Wharf official could not immediately be reached for comment. (US$=HK$7.8) (Reporting by Stephen Aldred; Editing by Jonathan Hopfner)



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