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).

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.