Monday, August 11, 2008

Russians in control of nuclear supply firm

Russians in control of nuclear supply firm
Sunday, 10 August 2008
Russian nuclear energy company OAO Atomenergoprom has acquired a controlling interest in Hungarian nuclear fuel-loading apparatus and cooling pumps maker Ganz Energetika. Atomenergoprom will gain a 51% stake in Ganz, which will retain 49%. The value of the deal was not disclosed. Atomenergoprom – an arm of Russian state-held nuclear energy holding Rosatom Corp – expects to double Ganz’s sales to Russia to nearly EUR 20 million within a year. The Russian firm, which constructs and operates nuclear power plants and extracts uranium, had reportedly earmarked EUR 30 million to purchase nuclear plant parts suppliers in Europe and Russia in 2008.

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