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Reuters reported that Uranium One shareholders have approved the offer made by Russian uranium company ARMZ to take it private, in which the latter has agreed to pay C$1.3B.
Reuters reported that Uranium One shareholders have approved the offer made by Russian uranium company ARMZ to take it private, in which the latter has agreed to pay C$1.3B.
As quoted in the market news:
ARMZ already owns 51.4 percent of common shares in Uranium One, Canada’s second-largest uranium company. ARMZ is the mining arm of Russia’s nuclear regulator, Rosatom, which also builds nuclear reactors.