Siemens Said to Win $811 Million Russian Railways Train Order
Siemens AG (SIE), 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).
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