You're reading: Hungary could buy Ukraine’s stake in nuclear JV with Russia, Kazakhstan

Hungarian company First EU Center of Nuclear Fuel is seeking to buy the Ukrainian state’s stake in PrJSC Joint Ukrainian-Kazakh-Russian Enterprise for Nuclear Fuel Production (JV UkrTVS, Kyiv).

The corresponding announcement was posted on the bulletin of the National Commission for Securities and the Stock Market.

Mariupol-based LLC Industrial and Investment Company of Ukraine is also looking to buy the stake.

As reported, the State Property Fund of Ukraine announced a tender to privatize its 33.3 percent stake in UkrTVS. The starting price is Hr 921,000. The auction will be held on August 30, bids will be accepted until August 22.

UkrTVS was established in late 2001 with the aim of developing cooperation between nuclear power enterprises in Ukraine, Kazakhstan and the Russian Federation. Its shareholders in equal shares are the State Property Fund of Ukraine, Kazatomprom and TVEL.

UkrTVS sold goods worth Hr 102.687 million in 2006, making a Hr 100,000 loss. Accounts receivable total Hr 27.12 million and payable – Hr 124.64 million.