ThyssenKrupp, Vossloh Sued by Deutsche Bahn Over Rail Cartel
Deutsche Bahn filed a suit at the Frankfurt Regional Court after talks over a settlement partly failed, the railway said in an e-mailed statement today. It didn’t specify the amount it sought. Sueddeutsche Zeitung reported earlier that Deutsche Bahn valued that claim at 750 million euros ($992 million) of which ThyssenKrupp should shoulder 400 million euros.
“In recent months, we appealed to the understanding of the cartel participants and hoped to reach a settlement,” Deutsche Bahn said. The talks have failed to yield “an expedient cooperation.”
Thyssenkrupp, Vossloh and Voestalpine AG (VOE) were fined in July a combined 124.5 million euros by Germany’s Federal Cartel Office for antitrust violations in the country’s railway-steel market. Under German law, the findings of the regulator are binding in the civil suit.
ThyssenKrupp hasn’t yet received the complaint, the company said in an e-mailed statement. It’s still in talks with Deutsche Bahn over the issue and there was no need to file a suit, it said. Vossloh declined to comment. Moravia’s German unit said the company will comment later today.
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