German minister heading to Iran, Siemens hopes for rail deal
- Wall Street rises, buoyed by economic data; Dow sets high
- Twitter (TWTR) 'Takeover Money' Moves On as 'Trump Money' Moves In
- Amazon (AMZN) Could Open Over 2,000 Brick-and Mortar Groceries if Tests Succeed - DJ; Kroger (KR) on Watch
- Buy Any Seasonal Market Weakness Ahead of Year End Rally - Oppenheimer (SPY)
- After-Hours Stock Movers 12/05: (TXMD) (COUP) (BOBE) Higher; (SB) (LXRX) (STWD) Lower (more...)
German Transport Minister Alexander Dobrindt arrives for a cabinet meeting at the Chancellery in Berlin, Germany July 6, 2016. REUTERS/Stefanie Loos
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
BERLIN (Reuters) - German Transport Minister Alexander Dobrindt will travel to Iran with a trade delegation on Friday to meet the transport and industry minister, his spokesman said on Monday, and an industry source said Siemens
Siemens has long been in negotiations with Iran over an order for track technology and ICE 3 trains, a model of intercity train in use in Germany. The deal would be worth more than 2 billion euros ($2.25 billion), industry sources say.
German Economy Minister Sigmar Gabriel traveled to Iran at the start of the month and during that trip Siemens got an order to build parts for 50 locomotives.
Germany has traditionally had close economic ties with Iran, and after last year's nuclear accord, which paved the way for ending sanctions in place for years, German firms are now seeking business there again.
(Reporting by Markus Wacket; Writing by Michelle Martin; editing by John Stonestreet)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hertz Global (HTZ), Localiza to Form Strategic Partnership
- Bavaria is sued in New York over paintings looted by Nazis
- Guatemala says Taiwan's Tsai to visit, no word on any U.S. stop
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!