“It is 90% certain that RWE will withdraw from the project,” the people familiar with the situation said. They said RWE will sell its 9.15% stake to state-run energy company Nuclearelectrica.
If RWE decides to sell its stake in the project, Nuclearelectrica will own 70.3% of EnergoNuclear’s shares, after it recently acquired the participation of Czech group CEZ.
Italy’s Enel and Belgian-French group GDF Suez each own 9.15% in the joint venture, while ArcelorMittal Romania and Spanish Iberdrola control 6.2% of its shares each.