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DLA Piper Advises Russia's Transmashholding on Acquisition of Rail Manufacturing Facility in South Africa

DLA Piper Advises Russia's Transmashholding on Acquisition of Rail Manufacturing Facility in South Africa

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DLA Piper has advised TMH Africa on the acquisition of a 45,000 square meter DCD Rolling Stock manufacturing facility in Boksburg, South Africa, from the DCD Group.

TMH Africa is a subsidiary of Transmashholding, the largest manufacturer of rolling stock in Russia. It is 30% owned by the Black Economic Empowerment Partner, MJISA.

According to DLA Piper, with the acquisition of the rail manufacturing facility, TMH Africa and MJISA "will contribute towards South Africa's economy through job creation and skills development in line with South Africa's National Development Plan's key priorities. The rolling stock manufacturing facility will become Africa's gateway production site, which will enable the assembly, maintenance and refurbishment of rolling stock. TMH Africa's workforce will continue delivering innovative diesel and electric locomotives as well as coaches in South Africa and the rest of the continent."

The transaction was led for DLA Piper by Moscow-based Corporate Partner Steffen Kaufmann, and Johannesburg-based Corporate Director Marita van der Walt, assisted by Johannesburg-based Tax Director Andrew Lewis and Corporate Senior Associate Amy Eliason, and Moscow-based Corporate Legal Director Mukhamed Evloev.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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