OREANDA-NEWS. December 28, 2010. Atomenergomash, the subsidiary of Russian Atomenergoprom, has purchased an over 50% stake in EMSS Holdings Limited (Cyprus), the owner of 92.68% of Energomashspetsstal (ENMA UK). The deal was closed on Dec 21, 2010, according to Rosatom, the parent of Atomenergoprom. Rosatom is the Russian state-owned corporation with full vertical integration in the nuclear energy production.

Millennium Capital: the news is POSITIVE for ENMA. The metal semis produce of ENMA will be used by Russian buyers for the production of equipment for Khmelnytskyi nuclear station. ENMA has been undergoing a massive USD 300mn modernization program since 2005, with USD  200mn already capitalized and well transferred into higher value added of the ENMA produce. The company fits well into Rosatom’s vertically integrated structure, which is to provide ENMA with lucrative demand and financial support for further development.