TEHRAN, November 4 (RIA Novosti) -- Russia's railroad monopoly Russian Railways (RZD) said Saturday it is going to purchase a blocking stake in Transmashholding, a Russian transportation and mechanical engineering giant.
RZD President Vladimir Yakunin said the decision is part of the company's modernization strategy.
"An agreement is pending," Yakunin said.
Transmashholding comprises railway engineering enterprises that produce diesel and electric locomotives, freight and passenger cars.
