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Uranium Holding ARMZ becomes subsidiary of Rosatom State Nuclear Energy Corporation

05 августа 2009
Industry news

Uranium Holding ARMZ has become a subsidiary of Rosatom State Nuclear Energy Corporation

On July 30, 2009, Uranium Holding ARMZ (Atomredmetzoloto OJSC) received 16.898bln RUR from Rosatom State Nuclear Energy Corporation in the framework of additional issue of its shares. It was the first tranche of the money to be given to ARMZ in compliance with governmental decree № 909-р (July 11 2009) to provide Rosatom with budgetary subsidies in the form of the state’s property contribution worth 50bln RUR so the Corporation could purchase ARMZ’s shares.

As a result of the first tranche, Rosatom has received 4,256,649,874 ordinary nominal uncertified shares of Atomredmetzoloto (registration number 1–01–03912-А-002D) and has become the owner of controlling stake in ARMZ (51.83%).

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