Russia: Alstom Purchase Additional 8% Share of Transmashholding
Image Courtesy of TMH
Alstom have purchased an additional 8% share of Transmashholding (TMH) for 54million, bringing Alstoms stake in Transmashholding up to 33%. The shares, purchased from Russian Railways (RZD), mean that Alstom will maintain two seats on TMH’s Board of Directors.
The acquisition will enhance Alstoms work with TMH as they expand operations from delivering high-performance trains to the supply of railway infrastructure and signalling projects, in addition to exporting products and components to the international market.