KIEV, Nov. 14 - Ukrainian state company Nuclear Fuel has not managed to finance on time its $10 million contribution to the charter capital of a nuclear fuel fabrication plant being built in Ukraine under a joint venture with Russian nuclear fuel company TVEL, a market source told Interfax-Ukraine.
He said the shareholders of Nuclear Fuel Production Plant (NFPT), Nuclear Fuel and TVEL, which each supposed to contribute $10 million to the venture's charter capital by October 31. The $10 million TVEL deposited in the venture's account on October 30 will be returned to the Russian company according within the time allotted by Ukrainian law.
The shareholders will then have to again organize a new share issue. A new shareholder meeting is scheduled for November 22, and the agenda includes increasing the venture's charter capital with a new share issue funded by additional contributions. However, the size of the share issue is not indicated.
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