REUTERS
The State Property Fund of Ukraine on August 30 sold a state-owned 33.3% stake in charter capital of PrJSC Joint Ukrainian-Kazakh-Russian enterprise for the production of nuclear fuel, according to an online broadcast of the auction.
The starting price was set at UAH 921,000, which is about US$36,000, but it was sold at a price 52 times higher, at UAH 47.8 million, or US$1.87 million.
Read alsoUkraine's Energy Strategy: boost of uranium mining, diversification of fuel supplies to NPPsUNIAN memo. The JV was established in 2001 as part of the development of cooperative ties between enterprises of the nuclear fuel cycle of the CIS countries. A Ukrainian-Kazakh-Russian intergovernmental agreement on assistance in the development of the enterprise was signed in May 2003. The founders of the joint venture in equal shares were: TVEL (Russia), National Atomic Company Kazatomprom (Kazakhstan) and the State Property Fund of Ukraine The joint venture's core business is joint production of competitive nuclear fuel for WWER-1000 reactors of Ukrainian nuclear power plants.