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Written by / Agency / Source: ALSTOM

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Alstom Increased its Stake in Transmashholding to 33% - Alstom closed the deal of purchasing an additional 8% shares in Transmashholding (TMH) from the Russian Railways (RZD) for €54 million - TMHolding.ru / Alstom.com
Alstom Increased its Stake in Transmashholding to 33%

 

NewswireToday - /newswire/ - Levallois-Perret, Hauts-de-Seine, France, 2015/12/29 - Alstom closed the deal of purchasing an additional 8% shares in Transmashholding (TMH) from the Russian Railways (RZD) for €54 million - TMHolding.ru / Alstom.com. FR0010220475; ALO

   
 
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Following the deal, Alstom’s stake in TMH reached 33%. Alstom will retain two seats in the TMH Board of directors.

The deal will boost Alstom and TMH’s intense collaboration, as the partners expand their objective beyond providing high-performing trains to delivery turnkey railway projects, infrastructure and signalling, as well as the export of products and components.

Alstom (alstom.com) and TMH (tmholding.ru) are partners since 6 years and have been working on a project for the delivery of 400 passenger and freight locomotives to the Russian Railways. TMH manufactures mainline and urban trains, marine and stationary diesel engines, and casting. The company also provides rolling stock repairs. TMH is the largest railway engineering company in CIS in terms of sales volume and one of the largest manufacturers in the world.

Contacts
Linda Huguet
T: +33(0)1 57 06 10 42 - E: linda.huguet[.]alstom.com.

Ekaterina Dobrogorskaya - Alstom Russia
T: +7 916 982 4517 - E: ekaterina.dobrogorskaya[.]crn.alstom.com.

Investor relations: Selma Bekhechi
T: +33(0)1 57 06 95 39 - E: selma.bekhechi[.]alstom.com.

 
 
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Written by / Agency / Source: ALSTOM

 
 

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Alstom Increased its Stake in Transmashholding to 33%

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Transmashholding (TMH) | Alstom
Publisher Contact: Justine Rohée - Alstom Transport 
+33(0)1 57 06 18 81 justine.rohee[.]transport.alstom.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ALSTOM securities in any jurisdiction including any other companies listed or named in this release.

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