ICT Holding News
Public Joint Stock Company “Research and Production Corporation United Wagon Company” (“RPC UWC” or the “Company”), the market leader in innovative railcar building in Russia, today announces its intention to conduct an initial public offering (“IPO” or the “Offering”) of its ordinary shares (the “Shares”) with listing on the Moscow Exchange.
Sale of OPAP
ICT Holding sells its 22.35% stake in Emma Delta, a shareholder of the Greek gambling monopoly OPAP, to KKCG Group
United Wagon Company – Russia's most modern engineering firm
United Wagon Company (UWC) has done what all Russian companies should do but few have managed: the railway wagon company was set up from scratch three years ago, its owners invested over a $1.5bn to build a state-of-the-art factory that last year became the biggest producer of the world-class wagons in Europe and the Commonwealth of Independent States (CIS), and it has left the rest of its Russian competition in the dust.
ICT Holding Ltd elects Board of Directors
The General Meeting of ICT Holding’s shareholders elected the Board of Directors
ICT buys a 26% stake in O1 Properties
O1 Group, a Boris Mints’ private holding company that invests in a variety of companies and sectors, and ICT Group announce completing of their transaction whereby a 26-percent stake in O1 Properties is sold to ICT Group. ICT Group purchased class B ordinary shares. As result of the transaction the Boris Mints’ stake in O1 Properties will amount to 73%. 1% is owned by company’s management.
Timken Signs Joint Venture Agreement With United Wagon Company (UWC) to Strengthen Presence in Key Rail Market
CANTON, Ohio, March 24, 2014 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) has entered into an agreement with United Wagon Company (UWC), a leader in building, leasing, engineering and servicing freight cars in Russia, to establish a joint venture (JV) to manufacture Timken(R) AP-2(TM) rail bearings in Russia. The JV will advance the safety, reliability and efficiency of the local rail industry, equipping customers' freight cars with premium Timken bearings. The JV is contingent upon various regulatory approvals and other commercial and customary conditions.
Russia's Nesis buys stake in real estate firm - source
Feb 17 (Reuters) - Russian tycoon Alexander Nesis' investment company ICT Group will close a deal by the end of the first quarter to buy about 25 percent of real estate investment firm O1 Properties from owner Boris Mints, a source close to the deal said.
Billionaire Bets on Rare-Earth Metals After Uralkali Exit
Billionaire Alexander Nesis made a fortune from gold, silver and banking. His next target: producing rare-earth metals from material discarded as Russia developed an atomic bomb in the 1940s.
ICTH and Oleg Miserva established a joint company to develop modern manufacturable coal mining production in the Far East of Russia and to export coal to the countries of the Asian-Pacific Region (APR)
The joint enterprise (East Mining Company LTD) has united the partners' coal assets located on Sakhalin and in Magadan Region.
The company is going to focus on development of Solntsevskoye coal deposit and other deposits in Sakhalin Region. The deposits contain considerable reserves of power-generating coal being in a steady demand in APR. Having been implemented, the project will allow the enterprise already working successfully on the basis of the said deposit to increase its yearly output from today's one and a half million tonnes to five million to 2016.
Wagon component joint venture
US rolling stock component and braking equipment manufacturer Wabtec Corp signed a joint venture agreement with United Wagon Co at the Expo 1520 railway show at Shcherbinka on September 12, paving the way for the introduction of new technology in the Russian and CIS rail freight markets.