ThyssenKrupp, Vossloh Sued by Deutsche Bahn Over Rail Cartel

ThyssenKrupp AG (TKA), Vossloh AG (VOS) and Moravia Steel were sued for damages by Deutsche Bahn AG for fixing the prices for rails.

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.

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.

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