TVEL Fuel Company completed the acquisition of Uranium Enrichment Center from Kazatomprom for $100m.

TVEL Fuel Company, a Russian nuclear fuel cycle company headquartered in Moscow, completed the acquisition of Uranium Enrichment Center from its partner in the joint venture Kazatomprom, a multinational resource extraction company, for $100m. UEC is a joint Kazakhstan-Russian enterprise established in 2006 as part of the implementation of the Comprehensive Program of Kazakhstan-Russia Cooperation in the Peaceful Use of Atomic Energy. It owns 25% (plus one share) of the Ural Electrochemical Integrated Plant JSC in Novouralsk, Sverdlovsk region of Russia. UEC was the first company with foreign-ownership to have an interest in a Russian uranium enrichment facility.