The state representatives in the Extraordinary General Assembly of Nuclearelectrica (BVB: SNN) abstained from the vote, thus at least deferring the participation of the Korean investment fund DS Private Equity as a shareholder in the RoPower Nuclear project company for the small modular reactor (SMR) nuclear power plant in Doicești, Economica.net reported.
RoPower Nuclear is 50:50 held by Nuclearelectrica and the local private company Nova Power & Gas.
Two years ago, DS Private Equity signed an agreement with Nuclearelectrica and Nova Power & Gas, with the intention of investing EUR 75 million for the development of the FEED 2 study.
The agreement between DSPE, Nuclearelectrica, and Nova Power stipulates that, following a capital increase, the South Korean fund would take over 39.5% of the shares of RoPower Nuclear SA.
Nuclearelectrica would have become the main shareholder, with 46.5% of the capital, and Nova Power & Gas’s stake would have decreased to just under 14.0%.
iulian@romania-insider.com
(Photo source: Inquam Photos/George Calin)
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