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PGE, Polish utility, signs a contract with Energa for $2.5 billion
PGE, Poland’s major utility, controlling over 40% of the electricity market, signed a transaction for 2.5 billion dollars, to acquire from the government 84% stake in Energa.
read more... 17/09/2010
ARMZ of Russia might become the third uranium producer
ARMZ, the state-controlled miner in Russia, the country with 1/10 of the world’s uranium reserves, intends to expand outside the country, aiming to become one of the third major producers in the world. It signed a transaction on Tuesday of acquiring the majority of shares in proportion of 51% in Uranium One, Canada.
read more... 11/06/2010
Russia and Turkey agreed on nuclear power plant deal
On Wednesday, Russia has signed a nuclear power plant project with Turkey amounting $20 billion, in order to establish a strong partnership after two Cold War-era rivals. Russia will be responsible for this project by owning a controlling stake.
read more... 13/05/2010