# Bharat Forge divests 49% stake in power equipment JV with Alstom for $35M

Bharat Forge Limited has approved the divestment of its 49% stake in Alstom Bharat Forge Power Private Limited (ABFPL) to Alstom for US$35 million. The JV was formed in 2009.

- Type: Acquisition
- Announced: 2016-11-08
- Where: Sanand, India
- Value: $35.0M
- Status: announced
- Products: power equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Bharat Forge Limited](https://endata.com/companies/19597.md)
- [Alstom](https://endata.com/companies/3570.md) (acquirer)
- [ALSTOM Bharat Forge Power Limited](https://endata.com/companies/19596.md) (target)

## Sources

- [bharatforge.com](https://www.bharatforge.com/media/press-release/2022/124/press_page), 2016-11-08: "The Board of Directors of Bharat Forge Limited has approved divestment of its 49% stake in the power equipment JV with Alstom, Alstom Bharat Forge Power Private Limited (ABFPL) for US$ 35 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.