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Transrapid to dissolve

Transrapid partners to decide this week to dissolve firm

FRANKFURT (Thomson Financial) - The Transrapid consortium partners are expected to decide this week to dissolve the company after Munich opted not to build the magnetic levitation railway in the city, Die Welt said, citing sources.

It said a supervisory board meeting of Transrapid on Wednesday will formally decide to dissolve the company. Representatives of the shareholder companies Siemens AG. and ThyssenKrupp AG. will be at the meeting.
The two companies are the main partners in Transrapid

http://www.hemscott.com/news/latest-news/item.do?newsId=63451699848104

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