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.