Bloomberg News

Siemens Said to Win $811 Million Russian Railways Train Order

November 20, 2011

Nov. 18 (Bloomberg) -- Siemens AG, Europe’s largest engineering company, will probably win an order from OAO Russian Railways next month for eight high-speed Sapsan trains, said two officials from the Russian rail monopoly.

The accord will probably be signed Dec. 17, the officials said, declining to be identified until a final agreement is reached. State-run Russian Railways, based in Moscow, will pay “2005 prices,” one of the officials said, referring to a previous order for eight Sapsans for about 600 million euros ($811 million).

--With assistance from Richard Weiss in Frankfurt. Editor: Brad Cook.

To contact the reporter on this story: Ekaterina Shatalova in Moscow at eshatalova@bloomberg.net

To contact the editor responsible for this story: Mark Sweetman at msweetman@bloomberg.net


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