ThyssenKrupp to Pay Deutsche Bahn Damages, Handelsblatt Says

ThyssenKrupp AG plans to compensate Deutsche Bahn AG for the price-fixing of rails from the mid-1990s to help win the national rail operator back as a customer, Handelsblatt reported, citing unidentified people within the industry.

The first new supply contracts have already been agreed between the two companies, Handelsblatt said, citing the same people.

Compensation to Deutsche Bahn, private rail buyers and a fine will end up costing ThyssenKrupp a total of more than 100 million euros ($130 million), Handelsblatt said.

A ThyssenKrupp spokesman confirmed that the two companies are in talks, without giving any further details, Handelsblatt said.

To contact the reporter on this story: Alex Webb in Frankfurt awebb25@bloomberg.net.

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net.

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