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You're reading: Russia’s Rosatom plans to close Akkuyu deal by end-2017
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MOSCOW – Rosatom plans to close a deal to sell 49% of JSC Akkuyu Nuclear to a consortium of Turkish companies by the end of 2017, Kirill Komarov, the Russian state nuclear corporation’s first deputy head, told reporters.

“The document that was signed today spells out the basic conditions of the deal. The three Turkish companies, well-known companies, present on both the Turkish construction and energy markets are Cengiz, Kolin and Kalyon, who altogether will acquire 49% of the shares of Akkuyu which is building the four-unit NPP in Turkey,” he said, adding that these were the biggest private investments in a Russian nuclear project abroad.

“We will not reveal the sum of the deal before we close it,” he said. “In terms of the dates of closing the deal, after signing the term sheet today we will officially approach the Turkish government to approve those shareholders in the deal. As soon as we receive approval, we will begin working on the legal documents and, in principle, under hard work, set the task of finishing the deal together with our partners before the end of the year.”

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