Friday, 20 july 2007

New Line of Business

BUSINESS ALLIANCE has successfully entered the higly competitive rolling stock leasing market.

Lease of 3000 gondola cars to "Prоftrans" is planned for the amount of RUB 4.6 billion for a period of 5 to 7 years. A large European bank approved a credit line totaling USD 17.8 million for BUSINESS ALLIANCE to lease out rail cars. This business area is new for BUSINESS ALLIANCE, but the company considers it prospective and plans to develop it as part of its overall strategy to diversify its line of leasing products.