Ursus pens a $100 mln deal in Zambia

WSE-listed tractor producer Ursus, signed a $100 million contract with Zambian Industrial Development Corporation. The deal is for delivery of 2,694 tractors and 2,509 farming machines, the company announced in a market filing. In addition, Ursus will build a factory in Zambia and 10 local service centers Ursus will start realization of the contracts as soon as it receives a 40 percent down payment, the filing reads. All deliveries should be completed within a year from launching the contract realization.