Ursus with a deal to launch production in Senegal

WSE-listed farm machinery producer Ursus signed a contract with state-owned Agricultural Bank of Sudan to establish strategic cooperation aimed at launching manufacturing of Ursus tractors and agricultural machinery in Sudan and establishing a network of service centers throughout the country. “The agreement is a preliminary document, in which the parties have agreed to complete the negotiation process at the earliest possible time and conclude an appropriate cooperation agreement,” Ursus said in a market filing. According to Ursus, the deal is the first step to gain access to the local market.