7 Nov 2012 13:37

France's Alstom finishes paying for $422 mln blocking stake in Transmashholding

MOSCOW. Nov 7 (Interfax) - French concern Alstom paid the remaining $347 million of a $422-million blocking stake in Russian railway machine-building holding Transmashholding (TMH) in October, the foreign company reported in its financial statement for the first half of the 2012/2013 fiscal year ended September 30.

"The remainder of the price was calculated using a computation method based on TMH operating results over a four-year period (2008-2011)," the report said.

The first payment was worth $75 million.