RUSSIA’S ICT GROUP FORMS VENTURE WITH MITSUI TO LEASE RAILCARS
Russian billionaire Alexander Nesis’s ICT Group said it formed a joint venture with Mitsui & Co. Ltd. to lease railcars in Russia.
The partners will invest $100 million in the project and may boost the total to $500 million in the future, according to an e-mailed statement today from ICT, which produces railcars near St. Petersburg.
The venture is set to begin in April.
Share
