Siemens Buries Nuclear Return as Germany Pulls Atomic-Power Plug
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Siemens AG said it abandoned a planned return to the nuclear-power industry, following the German government in its retreat from atomic energy in the wake of the reactor catastrophe in Japan earlier this year.
The German engineering company will drop plans to cooperate with Russian nuclear-power company Rosatom Corp. in the field of reactors, Chief Executive Officer Peter Loescher told Germany’s Der Spiegel magazine, in comments that were confirmed by the Munich-based company. There are no financial implications linked to retreat, spokesman Alfons Benzinger said.