Germany's Siemens AG (SI) is planning to cooperate with Russia's Atomenergoprom in the area of nuclear power, German daily Frankfurter Allgemeine Zeitung reported Saturday.
The two companies are planning a joint enterprise, in which the Munich-based DAX-listed company will be part of the operating management, the report said, citing sources close to the company.
A Siemens spokesman declined to comment on the report, when contacted by Dow Jones.