FRANKFURT (Reuters) - German engineering group Siemens (>> Siemens AG) said it was committed for the long term to Britain, which will begin the formal process of leaving the European Union on Wednesday.
The trains-to-turbines group employs more than 15,000 people in Britain, has played an important role in London's Thameslink and Crossrail rail projects and is investing 160 million pounds in a wind turbine-blade factory in Hull.
"While the exact terms of the UK's exit from the European Union are unclear, we are committed to London in the long-term," Siemens' UK Chief Executive Juergen Maier said in a statement.
Deutsche Bank (>> Deutsche Bank AG) also gave a vote of confidence in Britain's capital by choosing a new office for its London headquarters last week.
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Siemens did not detail its UK investment plans on Monday.
(Reporting by Georgina Prodhan, editing by Louise Heavens)