Private partner in Romanian SMR project closer to selling land to its JV with Nuclearelectrica

Romania's Ministry of Energy, as the majority shareholder (82%), required the nuclear group Nuclearelectrica (BVB: SNN) to go ahead with the deal by which company's JV project with private partner Nova Power and Gas (NPG) will purchase from the latter (NPG) the plot of land for the development of the project – the small nuclear reactors (SMR) complex at Doicesti, according to a note to investors published by SNN.

The price of SNN's shares dropped by 4% when the note was sent to shareholders before the end of the March 21 trading day.