22 Jul '10 | North West | Finance, businessE-mail this story

ICT Group buys 20% in Baltic Leasing for “up to $49m”


ICT Group buys 20% in Baltic Leasing for “up to $49m”
Multi-industry ICT Group has purchased 19.9% shares in St. Petersburg-based leasing company Baltic Leasing, Kommersant reports.

The deal price has yet to be disclosed, but is estimated by experts at $26-$49m.

ICT is reportedly to use Baltic Leasing to sell cargo rail cars, to be produced at its plant in Tikhvin, Leningrad region, currently under construction.


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