Kazatomprom to sell stake in enrichment JV

Kazatomprom announced today it intends to sell its 50% interest (minus one share) in Uranium Enrichment Centre JSC (UEC) to its partner in the joint venture, TVEL, for RUB6.253 billion (about USD100 million). TVEL is the nuclear fuel manufacturer subsidiary of Russian state nuclear corporation Rosatom. The Kazakh uranium producer said the decision was based on its "value-driven strategy", as well as its review of current uranium enrichment market conditions.

https://world-nuclear-news.org/Articles/Kazatomprom-sells-stake-in-enrichment-JV