Authorized capital of Atomenergoprom approved

12.07.2007 // Interfax

At the initial stage the authorized capital of Atomenergoprom will make up 3.4bln RUR

The size of the capital of Atomenergoprom is specified in the charter of the company approved by the Government of the Russian Federation on July 6 2007. In order to form its authorized capital the company will issue 3,400,000 ordinary shares worth 1,000 RUR each, with all of them to be owned by the state.

The resolution on the establishment of Atomenergoprom was signed in May 2007. The company is supposed to consolidate the state-owned assets of the nuclear power industry, including the shares of TVEL, Techsnabexport, Atomredmetzoloto (100% each) and Kaluga Turbine Plant (25.1%). At the second stage, the company will embrace the government stakes of 55 more companies — federal state unitary enterprises (including Rosenergoatom) that will be corprorized by 2008. For this purpose, the company will issue additional stock. As a result, its authorized capital will grow.

The chairman of the board of directors of the company is head of Rosatom Sergey Kiriyenko, the director general — his former deputy Vladimir Travin.