Rosatom Wants to Renew Siemens Partnership, FT Deutschland Says

Rosatom Corp. wants to revive ties to Siemens AG (SIE) even after the German engineer signaled a strategy shift, Financial Times Deutschland reported, citing Nikolai Spassky, deputy chief of the Russian nuclear company.

Rosatom wants to “hold serious talks to renew the level of our partnership” with Munich-based Siemens, which could deliver technology and factory parts, the German newspaper cited Spassky as saying.

Siemens has said it will discuss with its Russian partner the implications of an arbitration tribunal decision forcing the German company to pay France’s Areva SA 648 million euros ($923 million) following its exit from a nuclear joint venture. Talks will “take into account the events in Japan and the worldwide market environment as well as the social and political aspects,” Alfons Benzinger, a Siemens spokesman, said in an e- mail May 23.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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