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ALSTOM / RZD / CYPRIOT COMPANIES / TMH
M.5879
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 1.2
Description of the concentration
1.1. The Proposed Transaction concerns the acquisition by ALSTOM Holdings of joint control of JSC Transmashholding ("TMH"), a Russian rolling stock supplier.
2.2. The Proposed Transaction will enable TMH to gain access to ALSTOM’s rolling stock expertise. TMH aims to participate in the modernisation of Russia's and the CIS' railway sector, and would therefore benefit from ALSTOM’s technological and operational support in the modernisation of its activities, equipment and infrastructures. The Proposed Transaction will allow ALSTOM to gain access to the expanding CIS rolling stock markets.