LEIPZIG Transport authority has sold a 51% stake in its Leoliner Fahrzeug-Bau Leipzig subsidiary to crane builder Kirow Leipzig for an undisclosed price.

An additional 25% stake will be transferred in July 2008 under the terms of the agreement which was announced on January 25, and this will be followed by a further 14% in 2010. LVB will retain a 10% shareholding in the company, which produces the Leoliner NGTW6 low-cost 60% low-floor tramcar (RG 1.04 p8).