ALSTOM has signed an agreement with Kazakhstan Railways (KTZ) to acquire its remaining 25% stake in the EKZ electric locomotive production joint venture. Once approved by the relevant authorities, the deal will increase Alstom’s share in EKZ to 75%.
ALSTOM has acquired an additional 25% stake in the Kazakh EKZ joint venture locomotive manufacturer from Kazakhstan Railways (KTZ) to become the main shareholder with a 50% holding.