Denis Demin, Head of Information-Analytical Department of Energocapital

– Formation of Separation-Sublimation Complex company was an expected decision

The Board of Directors of Atomenergoprom OJSC has decided to set up Separation-Sublimation Complex company. The new OJSC will be a 100% subsidiary of Atomenergoprom OJSC and will manage the separation enterprises of Russia’s nuclear industry (Angarsk Electrolytic Chemical Combine, Siberian Group of Chemical Enterprises, Ural Electrochemical Integrated Plant, Electrochemical Plant).

The formation of Separation-Sublimation Complex company was an expected decision on Atomenergprom’s part. This company will help us to attract investments, to enlarge our activities and to enhance the efficiency of our enterprises. This is an optimal format for implementing the current tasks of our nuclear industry.

Atomenergoprom is creating prerequisites for the development of the industry. Later we will be able to assess the efficiency of these measures on the basis of standard methodologies. Atomenergoprom is playing according to the general rules.

On later stages the newly established company will be able to issue bonds and will enjoy large opportunities to use credit resources. It will also be able to place additional shares. Of course, the buyer will be the state or the mother company. In the future our companies will be able to attract long-term money, which will certainly have a positive effect on their performance.