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Russia’s Transmashholding may merge with Alstom Transport

May 23, 2014, 14:12 UTC+3 ST. PETERSBURG
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ST. PETERSBURG, May 23. /ITAR-TASS/. Russian railway equipment maker Transmashholding may merge with Alstom Transport, a unit of France’s Alstom, Transmashholding CEO Andrey Bokaryov said Friday at the St. Petersburg International Economic Forum.

“It is possible that the two companies will switch to a single share,” Bokaryov said.

The sides have only started discussing the issue, and it may take at least a year, he said, adding that the move is not linked with an offer from General Electric (GE).

GE considered buying Alstom Transport for $13 billion, a source close to the matter said in April, Bloomberg reported.

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