ICT Holding News
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.
Russia to invest $1 billion in rare earths to cut dependence on China
Russia will invest $1 billion in rare earths production by 2018 in a bid to become less dependent on China, which controls more than 90 percent of global supply of the elements used in sectors including defense, telecommunications and renewable energy.
Acquisition of 4.ХХ% stake in Otkritie Holding
Polykandr Ltd., a subsidiary of ICT Holding (ICTH), acquires 4.xx% in Otkritie Holding, in addition to the 4.ХХ% purchased by ICTH in 4Q 2014.
Sale of ‘Zarechie’ office complex
ICT Holding ltd sells Zarechie office centre to O1 Properties