Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

01/16 13:36   Some 60 militants connected to ISIL detained in special operation in Chechnya - source
 
01/16 13:35   CONCLUSIONS CONCERNING EXTENSION OF OPEC/NON-OPEC AGREEMENT ON OIL PRODUCTION MAY BE MADE ONLY AFTER CAREFUL ANALYSIS OF COURSE OF ITS IMPLEMENTATION - RUSSIA'S OPEC ENVOY
 
01/16 13:34   TOO SOON TO SAY HOW LONG AGREEMENT ON OIL PRODUCTION CUTS WILL BE IN FORCE - RUSSIA'S OPEC ENVOY
 
01/16 13:34   Sanctions against Russia should stay in place until implementation of Minsk agreements, return of Crimea - Biden
 
01/16 13:32   Search continues for recorder from Boeing cargo plane that crashed near Bishkek - source in Kyrgyz govt
 
01/16 13:29   Golden Camel Group to build $22.5-mln traditional fermented milk product dairy in Kazakhstan
 
01/16 13:26   Implementation of political part of Minsk agreements impossible without cessation of hostilities in Donbas - U.S. Vice-President Biden
 
01/16 13:25   Russian business ombudsman to attend Trump inauguration ceremony
 
01/16 13:24   Moscow not to accuse foreign authorities of being involved in cyber attacks on Russian resources - Peskov (Part 2)
 
01/16 13:22   Commission to investigate plane crash near Bishkek formed, goes to Kyrgyzstan on Monday - IAC
 


 

Interfax.com  |  Interfax news  |  ARMZ to buy remainder of Uranium One for $1.3 bln


News headlines


January 14, 2013 10:38

ARMZ to buy remainder of Uranium One for $1.3 bln

MOSCOW. Jan 14 (Interfax) - Atomredmetzoloto (ARMZ), the uranium division of Russian state nuclear corporation Rosatom, is consolidating 100% of shares in Canada's Uranium One.

ARMZ will acquire all common shares in Uranium One not currently owned by the company and its affiliates at a price of CAD2.86 per share, which represents a 32% premium to the average price of the shares over the 20-day period ended January 11 (the last day of trading before the announcement of the deal), ARMZ said in a press release.

ARMZ will spend a total of about CAD1.3 billion ($1.32 billion) on the deal.

The deal is subject to approval by Uranium One shareholders, an extraordinary meeting of which is scheduled for March. The agreement with ARMZ must be supported by two thirds of votes from holders of common shares and by a majority of minority shareholders. The deal is also subject to approval by a number of regulators in countries where Uranium One has a presence. The deal is expected to be closed in the second quarter of 2013, after which Uranium One's shares will be delisted.

ARMZ closed a deal to buy 51.4% of shares in Uranium One at the end of 2010, paying for them partly in cash and partly with 50% of shares in joint venture Akbastau and 49.67% of shares in joint venture Zarechnoye (Kazakhstan).

Uranium One has a primary listing on the Toronto Stock Exchange and a secondary listing in Johannesburg. It was the first foreign company to place bonds in Russia and in 2011 even thought about a Russian listing.

"At the time of the consolidation of the controlling stake in the Canadian company, the stock market offered considerably broader opportunities for development in this regard. Now the situation has changed and a private format is more effective for meeting the challenges that we face," ARMZ chairman and Uranium One president Vadim Zhivov said in the press release, commenting on the change of plans.

He said that this was a friendly deal that is unanimously supported by the independent directors on Uranium One's board.

ARMZ's financial and legal advisers on the deal are BMO Capital Markets and Stikeman Elliott.

Uranium One planned to mine 11.6 million pounds of uranium in 2012 and 12.5 million pounds in 2013.

In Kazakhstan, Uranium One owns 70% of the Betpak Dala joint venture, which owns the Akdala Mine and the South Inkai Mine; 50% of the Karatau joint venture, 30% of the Kyzylkum joint venture (Kharasan project), 50% of the Akbastau joint venture and 40.67% of the Zarechnoye joint venture, which owns the Zarechnoye Mine and the South Zarechnoye Project. In the United States, the company owns 100% of the Willow Creek Project, and has a number of development projects in Wyoming. In Australia, Uranium One owns 100% of the Honeymoon Uranium Project. It is also the operator of Mantra Resources' Mkuju River project in Tanzania. Uranium One bought 14% of Mantra from ARMZ in March 2012 and has an option to buy out the remaining shares by June 2013.

Vp

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

January 16, 2017
 
13:26
Implementation of political part of Minsk agreements impossible without cessation of hostilities in Donbas - U.S. Vice-President Biden
 
13:25
Russian business ombudsman to attend Trump inauguration ceremony
 
13:24
Moscow not to accuse foreign authorities of being involved in cyber attacks on Russian resources - Peskov (Part 2)
 
13:22
Commission to investigate plane crash near Bishkek formed, goes to Kyrgyzstan on Monday - IAC
 
13:15
CENTRAL BANK OF RUSSIA RUBLE EXCHANGE RATES FROM 17.01.2017
 
13:13
CB to quote ruble at 59.6067 rubles/$1 and 63.2308 rubles/EUR1 on January 17
 
13:11
 
13:11
IAC: FOUR-MEMBER COMMISSION FORMED TO INVESTIGATE BOEING CRASH NEAR BISHKEK; THEY ARE FLYING TO KYRGYZSTAN ON MONDAY
 
13:11
Peskov on Trump initiative on nuclear disarmament: let's wait for him to take office (Part 2)
 
13:10
Ukraine issue to be on agenda of Russia-U.S. dialogue - Peskov (Part 2)
 
13:10
Moscow shares Trump's opinion that NATO is remnant of past - Peskov (Part 2)
 
13:09
Turkmenistan's GDP grew 6.2% in 2016
 
13:03
Peskov: there are no contacts with Trump team (Part 2)
 
13:02
Bishkek Airport reopens for arrivals, departures
 
 more headlines 



Interviews
 

.
Pakistani Minister of Planning, Development and Reform Ahsan Iqbal has given an interview to Interfax in the wake of his visit to Moscow in which he speaks about prospects of interaction between Russia and Pakistan in various spheres, prospects of Russias joining the China-Pakistan economic corridor project, the settlement in Afghanistan and prospects of Pakistans joining the Nuclear Non-proliferation Treaty.

more
.
.
Head of the delegation of the International Committee of the Red Cross (ICRC) in Russia, Belarus and Moldova Magne Barth has explained the position of the ICRC on interaction with Russian military in Syria. Earlier the Russian Defense Ministry called the ICRC reaction regarding the death of two Russian medical workers in a strike on a Russian military hospital in Syrias Aleppo cynical.

more
.
.
President of the International Committee of the Red Cross Peter Maurer has given an interview to Interfax correspondent Alexander Korzun ahead of his visit to Russia on November 23-25, in which he speaks about topics he would discuss with Russian officials, his assessment of ICRC interaction with Russia, and problems that the organization faces in Syria and Ukraine.

more

 
  
 ©   1991—2017   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100