We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Arcelor Mittal New | NYSE:MT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.74 | -2.87% | 25.01 | 25.35 | 25.01 | 25.30 | 1,171,588 | 21:00:05 |
From May 2019 to May 2024
Italy's utility Enel and steelmaker ArcelorMittal are selling their entire stakes in Romania's long-delayed project to expand its nuclear plant in Cernavoda, leaving the state-run power company as the sole shareholder, news agency Mediafax reported.
Nuclearelectrica said Monday it will move on with the EnergoNuclear project and is in talks to attract a majority shareholder.
Enel and ArcelorMittal own 9.15% and 6.2% respectively of EnergoNuclear. Nuclearelectrica is legally required to buy the stakes, at 80% of face value, within 30 days after receiving notice of the investors' intent to withdraw.
Four other investors have already pulled out of the EUR6 billion project to build two new reactors at Cernavoda, citing economic and market uncertainties.
The state ultimately plans to cut its own stake in EnergoNuclear to around 40% and is seeking new investors, possibly from China.
Cernavoda currently operates two 700 megawatt reactors, supplying about 18% of Romania's electricity. The two new reactors, originally due to start operation in 2010, are expected to double the plant's capacity.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Arcelor Mittal Chart |
1 Month Arcelor Mittal Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
