17 February 2016 Middle East

Alstom stake in Kazakh EKZ now 50%

Alstom and Kazakhstan Temir Zholy (KTZ) have finalised Alstom’s acquisition of an additional 25% in the EKZ joint venture (JV). It was formed by Alstom, KTZ and Transmashholding (TMH), to produce electric locomotives in Kazakhstan. Alstom becomes the main shareholder of EKZ with 50% of the shares

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