Ivan Rubinov, energy expert of Olma

– Consolidation of companies will allow to reduce the cost of new loans and bank credits due to bigger size of companies

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).

It is a good news. The consolidation of the companies will allow to reduce the cost of new loans and bank credits due to the bigger size of the companies. This is also a step towards the introduction of common budgeting and investment standards.

If Separation-Sublimation Complex is appointed as managing company, the costs of the consolidation will be lower and the whole process will be quicker.