Business

Alstom buys stake in South African rolling stock business

By 2015-11-26T14:43:00

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SOUTH AFRICA: Alstom announced on November 26 that it had signed an agreement to buy a 51% stake in rolling stock refurbishment company Commuter Transport & Locomotive Engineering from Commuter Transport Engineering and Industrial Development Corp, which will remain as minority shareholders. An employee benefit scheme will also be created.

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