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Russian nuclear giant to float shares

      RBC, 30.01.2009, Moscow 16:18:47.During Tuesday's extraordinary meeting, Atomenergoprom shareholders decided to place an additional share issue worth RUB 300bn (approx. USD 8.65bn) in favor of the state and the Rosatom nuclear state corporation, the Russian nuclear holding's press office reported today.

      Atomenergoprom plans to float 300m common shares with a par value of RUB 1,000 (approx. USD 28.84). In exchange for the shares, the holding will receive Rosatom's funds in accordance with a government program for nuclear power plants' construction, as well as shares in 15 open joint-stock companies. The additional issue should be placed before October 1.

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