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.