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Siemens Nears Train Sale

Siemens said Tuesday that it was poised to clinch a 2.2 billion euro ($2.8 billion) order from Russia for 240 regional trains as Prime Minister Vladimir Putin works to upgrade infrastructure.

The company will sign a memorandum of understanding July 15 with Russian Railways for delivery of the trains in the next decade, Siemens spokesman Marc Langendorf said.

(Bloomberg)

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