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ICT Group (Russia)

ICT Group
Группа ИСТ
Private
Industry Private equity,
financial services,
precious metals and mining,
heavy engineering and logistics,
Construction,
industrial development
Founded 1991
Founder Alexander Nesis
Headquarters Moscow, Russia
Website www.ict-group.ru

The ICT Group (Russian: Группа ИСТ), also spelt IST Group, is an investment venture based in Russia. The company owns a number of Russian businesses including a precious mineral extraction company Polymetal, and United Wagon Company, Russia's largest manufacturer of freight railcars and one of the leading of rail transportation providers. In 2013 assets that were previously part of ICT Group formed an investment company ICT Holding Ltd based in Cyprus.

Key shareholder of the ICT Holding Ltd is Alexander Nesis.

ICT was founded as group of private investors by Alexander Nesis and five other colleagues. Nesis is president and major shareholder of the group (2011). In 2011 the group's assets were estimated to be worth around $8 billion.

The group established NOMOS-BANK in 1993, a 49.99% stake was sold to PPF Group and the Slovakian J&T in 2007/8.Khanty–Mansi Bank, an investment bank operating in the Khanty–Mansi Autonomous Area came under the groups control in 2009. In 2011 ICT Group completed an IPO at MICEX and LSE having offered 22% in NOMOS BANK's share capital In 2013 a controlling stake of NOMOS BANK Group was sold to Otkritie Financial Corporation. ICT Holding Ltd currently owns 4,9% of Otkritie Holding

The company acquired a stake in road vehicle and industrial equipment leasing company Balting Leasing Company in 2010, and sold it in 2012, a rail wagon leasing company "Rail1520" (ООО «Рейл1520») was formed in 2011 which received financial backing by Sberbank, a rail leasing joint venture with Mitsui was formed in 2012. Both companies are operating under the management of United Wagon Company.

Precious metal extraction company Polymetal was founded by the group in 1998, sold to Nafta-Moskva Group in 2005, and a controlling stake reacquired by ICT group together with Alexander Mamut and PPF Group in 2008. The ICT group increased its shareholding to 40% in 2009. In 2011 Polymetal completed IPO at LSE, as a result, free-float exceeded 50%. ICT Holding Ltd currently holds a 19,86% stake in Polymetal International Plc


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