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Article: SUMMARY: Alstom, TMH sign strategic deal.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- April 1, 2009
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SUMMARY: Alstom, TMH sign strategic deal
MOSCOW. April 1 (Interfax) - France's Alstom is buying 25% plus one share in The Breakers Investments B.V., which is the parent company of Russia's TransMashHolding (TMH) (RTS: TRMH), TMH said.
The understanding was reached in Paris on Tuesday during the signing of a strategic cooperation deal in the fields of technology, manufacturing and finance, TMH said.
The companies signed the strategic agreement pursuant to their protocol of intent, signed in October 2008.
"TMH's financial results for 2008-2011 will be taken into consideration when determining the value of the shareholding [in The ...