29 Mar 2024 12:10

Rosatom not planning to make offer to FESCO minority shareholders, transferring govt stake suits state corporation

MOSCOW. March 29 (Interfax) - Rosatom state nuclear energy corporation is not planning to make an offer to FESCO minority shareholders, and transferring the government's stake, around 92.5%, suits the state corporation, CEO Alexei Likhachev told reporters.

"We do not see any point in buying shares that the shareholders have, who still have them; and if the shareholders do not want to sell them to us proactively, then we will not initiate the process. The share to be transferred through the government will be quite enough for us," Likhachev said.

"There is currently a rethinking of FESCO's strategy, and fitting it into the strategic objectives that the Rosatom state corporation has. This is primarily developing the Northern Sea Route," the CEO said.