JSC TVEL agreed to acquire an additional 20.15% stake in Kovrov Mechanical Plant OJSC (MICEX:KMEZ) on January 9, 2014. Pursuant to completion, JSC TVEL will hold majority stake in Kovrov Mechanical Plant OJSC. The deal has been approved by antitrust approval authorities. Kovrov Mechanical Plant OJSC had net profit of RUB 93.83 million and revenues of RUB 5.05 billion in 2013.

JSC TVEL completed the acquisition of an additional 20.15% stake in Kovrov Mechanical Plant OJSC (MICEX:KMEZ) on May 27, 2014. With this acquisition, JSC TVEL has increased its stake to 65.23% in Kovrov Mechanical Plant OJSC.