Kazakhstan Chamber of Commerce in the USA

KazCham



Alstom increases its stake in Kazakh joint venture 0

Posted on February 29, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Alstom has completed a deal to double its stake in its Kazakhstan joint venture, EKZ. The French company now has a 50% stake in the JV, which was set up to manufacture electric locomotives for Kazakhstan, and will be given an extra seat on the EKZ board of directors.

The Kazakh national rail provider Kazakhstan Temir Zholy and locomotives and rail manufacturer Transmashholding each retain a 25% stake.

Alstom and EKZ have also signed an agreement to produce the locomotives’ on-board transformers at EKZ’s facility in Astana.

ALSTOM ups stake in Kazakh loco JV 0

Posted on January 11, 2015 by KazCham

Business Intelligence from Colibri Law Firm: Issue #99

ALSTOM has agreed to purchase an additional 25% stake in its Kazakhstan locomotive joint venture EKZ from Kazakhstan Railways (KTZ) increasing its holding to 50%, which will expand the company’s scope to include maintenance activities through a dedicated facility in Astana. EKZ’s plant in Kazakhstan is already assembling locomotives for the CIS market, with plans to shift complete production to Astana from Alstom’s Belfort facility next year as the company continues to work on a $US 1.3bn contract for 295 locomotives awarded in 2010 which is due to be completed by 2020. Indeed 24 KZ8A electric locomotives are already in operation in Kazakhstan. Azerbaijan also awarded EKZ a contract worth €300m for 50 KZ8A locomotives in May.

Kazakhstan Daily News Roundup – March 2, 2011 0

Posted on March 02, 2011 by KazCham

HEADLINES:

Kazakhstan to offer 5% stake in KMG EP in “people’s IPO”
(SRI) – Kazakh citizens will be offered 5% of shares in KazMunaiGas Exploration Production (KMG EP) when the state launches the so-called people’s IPO later this year, President Nursultan Nazarbayev announced on Tuesday.

ENERGY:

EBRD extends energy efficiency investments in Kazakhstan (The FINANCIAL)

BUSINESS AND ECONOMY:

Eurasian Bank to issue $200-300 million bonds (Reuters)

Monthly inflation 1.5% in February (SRI)

Kazakhstan expects $10 billion of industry investments this year (Bloomberg)

Alstom-TMH, Kazakhstan Temir Zholy finalize locomotive supply contract (Dow Jones)

Indicators – March 1, 2011 (Reuters)

POLITICS:

Global Insider: China-Kazakhstan relations (World Politics Review)

Farce gains ground in Kazakhstan’s lackluster election (EurasiaNet)



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