French Alstom sold a stake in Transmashholding to Russian shareholders

The deal to sell shares of Transmashholding (TMH) to the French company Alstom, which produces the Allegro high-speed trains, has been completed, said Kirill Lipa, general director and co-owner of the Russian machine-building holding.“Prime”” The transaction amount was €75 million, Alstom said.

“Yes,” answered Mr. Lipa when asked by journalists about the completion of the deal. He did not disclose the specific amount, but said that the transaction was completed for “half the objective value.” According to Mr. Lipa, TMH intends to re-register from Cyprus to Russia by the end of April. In its turn, Alstom reported that the deal was closed in January 2024 for €75 million.

Transmashholding, through the Cypriot Transmashholding, belongs to the companies of businessmen Andrei Bokarev, Iskandar Makhmudov, the company’s general director Kirill Lipa and the chairman of the board of directors of TMH Dmitry Komissarov. Their share was 79.4%, 20% belonged to the French Alstom.

In May 2023, TMH’s subsidiary Metrovagonmash came under American sanctions, and in September Transmashholding itself came under sanctions. After this, the French Alstom decided to withdraw from the shareholders.

Alexandra Goroshilova