| Alstom increased its stake in Transmashholding to 33% | |
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Alstom closed the deal of purchasing an additional 8% shares in Transmashholding (TMH) from the Russian Railways (RZD) for €54 million. 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 and TMH 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.
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Alstom
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CODE : ALO.PA |
ISIN : FR0010220475 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alstom is based in France. Alstom is listed in France, in Germany and in United Kingdom. Its market capitalisation is €UR 3.4 billions as of today (US$ 3.6 billions, € 3.4 billions). Its stock quote reached its highest recent level on February 09, 2007 at €UR 98.98, and its lowest recent point on April 23, 2024 at €UR 15.42. Alstom has 219 127 000 shares outstanding. |