49% the Russian Way - Need Announcment on % Control ??
Bloomberg finds out about resignations at Kazatomprom after Rosatom deal
The sale of a part of the Budennovskoye mine by the national atomic company Kazatomprom to the Russian nuclear energy corporation Rosatom resulted in the resignation of top managers from the Kazakh company, Bloomberg reported.
The Budennovskoye deposit in the Turkestan region is the biggest uranium deposit in Kazakhstan and one of the biggest in the world. A deal to sell a stake in it to Rosatom has been under discussion for several years, Bloomberg noted. Kazatomprom announced in its 2022 financial report that it had taken control of 49% of the mine.
Bloomberg cited sources as saying that the deal to sell the strategic deposit was promoted by Kazakhstan's sovereign wealth fund (Samruk-Kazyna) against the position of Kazatomprom's management. "The desire to complete the deal behind closed doors resulted in the loss of two chief executive officers, a chief financial officer, a chief operating officer and a chief commercial officer in less than 18 months," the agency wrote. Galymzhan Pirmatov, the company's CEO, was the first to leave in August 2021. His successor, Mazhit Sharipov, left last July, while the chief operating officer, Aslan Bulekbay, left in March. Kamila Syzdykova, Chief Financial Officer, and Askar Batyrbaev, Chief Commercial Officer, left in December.