The black cab hits Azerbaijan

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British visitors to Azerbaijan might just feel a little more at home while getting a taxi home, after the makers of the iconic London black cab agreed to sell 1,000 to a company in the Republic.

The £16m deal will see 1,000 TX4s make their way to Azerbaijan to a private company – the Baku Taxi Company.

The deal has seen shares in parent company Manganese Bronze take a positive leap by nearly 50 percent yesterday, and has been described as the biggest in the company's history.

The taxis will be supplied by Manganese Bronze's joint venture partner Shanghai LTI.