According to TMH CEO Kirill Lipa, by the end of the year the French concern must withdraw from the company’s shareholders by selling 20% of its shares.
The remaining 80% of the shares of TMH’s main company, Transmashholding Limited, belong to Russian shareholders.
In March 2022, Alstom announced the suspension of all supplies and future investments in Russia following the full-scale Russian invasion of Ukraine.
What is known about Alstom
Alstom is a large French engineering company, one of the world leaders in the production of energy equipment and railway transport. The company produces energy generating equipment, railway locomotives, high-speed electric trains, trams and electrostatic precipitators for industrial production. Previously, the company also had a shipbuilding division.
International business is actively leaving the Russian market
After Western countries introduced a series of sanctions against the Russian Federation, many foreign brands decided to sell their business in Russia and leave the market of the aggressor country.
Recently, the Japanese retailer Uniqlo refused to lease premises for all its stores in Russia. Thus, the company stopped doing business in this country.
Also, one of the largest insurance groups in Europe, Uniqa, sold its business in Russia and thus left its market.
In addition, it was reported that the Belgian construction materials manufacturer Etex has finally left the Russian market.
2023-11-17 22:13:18
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