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Siemens Takes Look at Sovereign Wealth Fund.

Europe Intelligence Wire

| August 29, 2008 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From The Moscow Times)

Europe's biggest engineering company, Siemens, said Thursday it was seeking investment from a Russian sovereign fund as it looks for greater access to the country, where huge infrastructure projects are planned.

Siemens is in talks with Russia as part of its plan to attract investment from sovereign wealth funds worldwide, its spokesmen said.

"We are broadening our investor base and therefore ... these state-owned funds are welcome to invest," Constantin Birnstiel, senior vice president for media relations, said by telephone from Munich on Thursday.

Russia has been putting aside its windfall revenues from oil and …

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