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Lokomotiv Kurastyru Zauyty JSC entered into an interested party transaction.

Lokomotiv Kurastyru Zauyty JSC entered into an interested party transaction. 04.01.2017

      30.12.2016, the General Shareholders Meeting decided to enter into an interested party major transaction in connection with a long-term contract for the purchase of passenger and freight locomotives signed between Lokomotiv Kurastyru Zauyty JSC and KTZ-Freight JSC. 

   

The main buyer of locomotives in the Republic of Kazakhstan is KTZ - Freight JSC, a subsidiary of NC KTZ JSC, which one of the business segments is to renew the locomotive fleet. KTZ-Freight JSC planned to purchase the TEP33A series passenger locomotives and TE33A (C) Series freight locomotives being produced by Lokomotiv Kurastyru Zauyty JSC at the locomotive assembly plant in Astana under license of General Electric (hereinafter - GE) based on the Evolution® technology.

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