/KASE, April 23, 2021/ – NAC Kazatomprom (Nur-Sultan), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated April 23, 2021:
quote
JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company")
announces the signing of the Sale and Purchase Agreement ("SPA") for the sale
of a 49% share of Ortalyk LLP to a subsidiary of China General Nuclear Power
Corporation ("CGNPC"), subject to conditions and governmental approvals.
As previously disclosed, ("Kazatomprom-CGNPC Cooperation Agreement
Update", 29 December 2020, "Kazatomprom 2020 Financial Results", 16 March
2021) under the Kazatomprom-CGNPC cooperation agreements, the parties
agreed to construct a fuel assembly plant ("Ulba-FA") at the Ulba Metallurgical
Plant. CGNPC provided a guarantee that Ulba-FA’s production will be purchased
by CGNPC, in exchange for Kazatomprom agreeing to sell to CGNPC or its
affiliates, a 49% interest in the Company’s wholly owned subsidiary, Ortalyk LLP
(the "Transaction").
unquote
Th full press release is available on KASE website –
https://kase.kz/files/emitters/KZAP/kzap_reliz_230421_1.pdf
[2021-04-23]