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ALSTOM acquires Reunert's shareholding in ALSTOM South

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With effect from 1 October 1999, ALSTOM has acquired
Reunert's 50% shareholding in ALSTOM South Africa. This makes
ALSTOM South Africa a wholly owned subsidiary of ALSTOM. The
acquisition is subject to the approval of the Competition

'The acquisition of the Reunert shareholding represents a
major investment in South Africa by ALSTOM,' says Mark Wilson,
Country President of ALSTOM in South Africa. 'It is a vote of
confidence in the viability of our economy, particularly in the
development of the country's electricity and rail transport

ALSTOM, as one of the world's leading technology suppliers,
follows a strategy of obtaining and maintaining full or
majority ownership of its subsidiaries and exercising
management control.

ALSTOM South Africa employs 3500 people ; it manufactures
equipment for T&D, industry and rail transport
applications. It also undertakes turnkey projects in T&D
and rail transport.

ALSTOM is a world leader in the energy and transport
infrastructure markets. Present in more than 60 countries,
ALSTOM is organised in six sectors, Energy (through ABB ALSTOM
POWER, the 50-50 joint company created with ABB), Transmission
& Distribution, Transport, Industry, Marine and
Contracting, all of these being supported by the ALSTOM