Veolia Transportation Sold the Remaining Bus Lines to AfikimSep 2013
Who Profits research team checked the validity of Veolia's latest announcement and found that according to the Israeli companies' registrar, Connex transportation Israel is now fully owned by Afikim.
After it terminated its operations of the Modi'in bus lines last month, Veolia Transportation Israel (Connex Israel) announced last week on its website that it sold its remaining bus services to the Israeli company Afikim.
"Connex transportation Israel that is also known as Veolia transportation has been sold to Afikim company.
In the coming months all of Connex's assets will undergo a process of re-branding to Afikim's company name (Change of icons, captions and other signs that identify the company). In this period, the bus lines that Connex operated will also be operated by Afikim buses with the brand of the company. The line numbers remain the same."
Who Profits research team checked the validity of the announcement and found that according to the Israeli companies' registrar, Connex transportation Israel is now fully owned by Afikim.
This means that in addition to 35 Afikim bus lines serving dozens of settlements, the company will operate another three bus lines from Bnei-Brak to Jerusalem for the Haredim (Ultra-Orthodox Jews) community in Israel. The bus lines numbered 422, 425 and 427 pass through the occupied Palestinian territories in Mahane Ofer junction, Givat Ze'ev settlement and occupied East Jerusalem.
It is important to note that Veolia is still involved in the occupation; in transferring waste to Tovlan landfill in the oPt through a subsidiary and in the light train through its shares in Citypass and Connex Jerusalem.