The size of the capital of Atomenergoprom is fixed in its Rules and Regulation by resolution of the RF government of 06.07.07. Atomenergoprom will issue 3.4 million ordinary shares of Rub 1000 each. In accordance with the Rules and Regulations they all will be owned by the state.

Resolution about foundation OJSC Atomenergoprom was signed in May. The company consolidates the assets of nuclear power industry including the assets of such companies as TVEL (100%), Techsnabexport (100%), Atompredmetzoloto (100%), Kaluzhski turbine plant (25.1%). At the second stage of foundation, the holding will incorporate more 55 enterprises - the state federal unitary enterprises (FGUP), including Rosenergoatom. For this purpose Atomenergoprom will issue additional stocks that lead to the growth of its authorized capital.

Rosatom head Sergei Kirienko was appointed to the chairman of Atomenergoprom Board of directors, Rosatom deputy head Vladimir Travin was appointed to the director general of Aromenergoprom.

SOURCE: AtomInfo.Ru

DATE: July 16, 2007

Topics: Russia