SNCF, DWS and Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today announced the completion of the transaction whereby SNCF Group, the French State transport and railway operator, sold its shares representing 100% of the Ermewa Holding’s capital and voting rights, and its subsidiaries (together the Ermewa Group), to a consortium consisting of CDPQ and DWS.