ARMZ confident about Uranium One deal

The Namibian reports ARMZ , Russian state-controlled nuclear group is confident about the deal with Uranium One.

Some analysts had worried that Russia’s goals might be at odds with minority shareholders, who are due to receive a US$1,06 special dividend as part of the deal.
ARMZ is keen to keep minority shareholders happy because it may use Uranium One shares to pay for further acquisitions as it aims to capture a top-three ranking in the sector, Zhivov said.
If the deal is approved, Uranium One will immediately vault to the fifth ranking in terms of production from ninth.

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