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Russia's atomic energy concern to become joint stock company

      RBC, 06.04.2005, Moscow 16:53:51.Russian atomic energy concern Rosenergoatom will become a joint stock company in 2006, economic development and trade minister German Gref reported to journalists today. He commented that the reason for this was to make the company more transparent. At the same time, according to Gref, the company will not be privatized. The ministry is to submit to the government its proposals concerning the company's transformation by April 14.

      As reported earlier, on December 24, 2004, the industrial production and energy ministry was commissioned to prepare a program for transforming Rosenergoatom into a joint stock company with a 100-percent state stake.

      Rosenergoatom manages all nuclear power stations in Russia and occupies second place in terms of energy supplies in Russia after RAO UES.

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