Russian partner breaks off talks with Getin

Artertesia Consulting has broken off a conditional agreement with Getin Holding for the sale of Carcade, Russia's second largest leasing company, Puls Biznesu reported. The Russian partner informed Getin about its decision on Friday, adding that it is open to further negotiations. According to the daily, the talks started on Monday. BiN Bank, which is related to Artertesia, wants to knock down the price, and Getin is not interested. The conditional deal stated a price of PLN 172.5 million. Carcade controls 12% of the foreign car leasing market in Russia and employs 300 people in 30 branches.