Sunday, 20 October 2013

Business in Brief | Business | The Moscow Times

Business in Brief | Business | The Moscow Times:

"Canada's Uranium One to Delist Shares as Rosatom Takes Control

Canadian miner Uranium One, which Russian nuclear corporation Rosatom just took private, will delist from the Toronto Stock Exchange and the Johannesburg Stock Exchange on Oct. 21 and Oct. 22, respectively, its parent firm said Saturday.

Last month, Uranium One said it received regulatory approvals for going private with Rosatom units.

In January, Russia's state uranium company agreed to pay $1.26 billion to take Canada's Uranium One private, as the successor to the Soviet Union's nuclear industry seeks to strengthen its grip on supplies. "

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