Vossloh AG has finalised the sale of the Locomotives business unit to CRRC Zhuzhou Locomotive Co., Ltd., Zhuzhou, China (CRRC ZELC), a subsidiary of China Railway Rolling Stock Corporation Ltd. (CRRC), effective May 31, 2020. With the approval by the Bundeskartellamt (German Federal Cartel Office) on April 27, 2020, all official approvals required in Germany and abroad for the execution of the transaction have been granted. Oliver Schuster, Chief Executive Officer of Vossloh AG, said, “The sale
This content is for Premium Subscribers only. To view this content, login below or subscribe as a Premium Subscriber.
