“Following the conclusion between SN Nuclearelectrica SA (SNN) and the National Uranium Company (CNU) of the sale-purchase contract of some assets within the uranium concentrate processing line from CNU Feldioara Branch, on 18.03.2021, by the GMS Decision no. 4 / 05.04.2021, it was approved the establishment of a subsidiary wholly owned by SNN, as sole shareholder, which will have as main object of activity the Processing of Nuclear Fuels. Also, based on the EGMS Decision no. 10 / 11.08.2021, the Articles of Incorporation of the SNN Feldioara Branch were approved”, per the report.
Through its investments, Nuclearelectrica aims to provide the necessary infrastructure for the optimal processing of raw materials, to maintain and consolidate the integrated fuel cycle to support the company’s long-term investment projects, these being aspects that give the company a competitive advantage and an integrated approach of the nuclear energy production.
Romania’s energy ministry is the largest shareholder of Nuclearelectrica, with an ownership stake of 82.5%.
Nuclearelectrica has reached a stock market value of RON11.7 billion on Monday (Sept 27), after its shares have been trading up 110% since the beginning of 2021. Sept 27 is the fifth consecutive session in which SNN shares are on the rise, per stock market data.