Report: Rosatom buys out Hungarian partner from JV
Russian-owned Rosatom reportedly bought out its Hungarian partner from joint venture Ganz Engineering, a company that is capable of outfitting new blocks at Hungary’s sole nuclear power plant in Paks, according to Hungarian economy daily Világgazdaság.
The Russian company purchased a 49% stake in Ganz Engineering from Ganz Gépgyár Holding, Világgazdaság said. The price of the purchase was not revealed.
Ganz Engineering needed capital for developments to keep up with Rosatom, Ganz Holding chairman-CEO Zoltán Fitos told the paper.
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