RZD considers sale of 25% stake in Transmashholding
Published: Wed, 2014-12-17 15:05Russian RZD is considering selling of 25% stake in ZAO Transmashholding, Russia’s largest producer of rolling stock, according to Vladimir Yakunin, President of RZD.
According to Yakunin, RZD acquired Transmashholding’s stake several years ago in order to support the domestic market of heavy transport engineering.
Vladimir Yakunin comments:
«This allowed us to attract Alstom and other foreign investors. For the last several years situation in the market has significantly improved and, in addition to Transmashholding, the market is currently dominated by Sinara».
Potential buyers of the stake are not disclosed.