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Markets News

Siemens Energy stops bidding for coal-fired power tenders

FRANKFURT, Nov 10 (Reuters) - Siemens Energy, which builds steam turbines for power plants, will no longer bid in tenders for stations powered by coal, it said on Tuesday.

The group, which also released fourth-quarter results for the first time since its spin-off from former parent Siemens in September, said it would now review the impact of its decision on employees and sites. (Reporting by Christoph Steitz Editing by Nick Zieminski)

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