Press center menu
Russian Government Subsidizes Rosatom State Corporation to Purchase ARMZ Stock
Prime Minister Vladimir Putin of the Russian Federation signed an order (1998-R) dated December 19, 2009 authorizing a budgetary subsidy in the amount of RUR14.2 billion to Rosatom State Corporation for the purpose of purchasing ARMZ Uranium Holding Co.’s stock.
Rosatom State Corporation’s interest in ARMZ Uranium Holding Co. will consequently increase to 80.345%. ARMZ Uranium Holding Co. is going to use the proceeds to purchase uranium mining assets abroad.