Bloomberg News

Siemens Cites Local Police Saying Egypt Executive Found Dead

February 07, 2012

(Adds background on Siemens in Egypt in third paragraph.)

Feb. 7 (Bloomberg) -- Siemens AG, Germany’s largest engineering company, said the head of its Egyptian industrial unit was found dead.

Local police informed Siemens of the death of Hany Loka, Philipp Encz, a spokesman for the Munich-based company, said by telephone today, declining to elaborate.

Siemens employs about 500 people in Egypt, where it sells gas turbines as well as automation and railway equipment and has annual sales of about 260 million euros ($343 million), Encz said. The German company entered the country in 1901.

--Editors: Thomas Mulier, Tom Lavell

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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