Press Release
| March 2, 2010
Dewey & LeBoeuf Advises Alstom on Strategic Partnership with Russia's Transmashholding
(Moscow, March 2, 2010) — Dewey & LeBoeuf is advising Alstom of France on its strategic partnership with Transmashholding (TMH), Russia's largest railway equipment manufacturer. On March 1, key transaction documents were signed in Paris during meetings between Presidents Nicolas Sarkozy of France and Dmitri Medvedev of Russia. These included a share purchase agreement under which Alstom will acquire a stake of 25% plus one share in TMH's parent company, Breakers Investment BV; and a Master Cooperation Agreement between TMH and Alstom Transport, governing their joint activities in developing and manufacturing new rolling stock and components for railway equipment. Closing of the transaction remains subject to certain conditions.
The Alstom legal team was led by Alstom Deputy General Counsel Doris L. Speer, with support from Dewey & LeBoeuf Moscow partner Brian Zimbler and colleagues in Moscow and London. Russell Pollack, a partner at Cleary Gottlieb Steen & Hamilton in Paris, acted for TMH.
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