RUSNANO DECIDED TO PARTICIPATE IN MAGNESIUM OXIDE AND MAGNESIUM HYDROXIDE PROJECT AS A CO-INVESTOR

The issue of financing the project for building a magnesium hydroxide and oxide production was addressed in 2009. Based on a number of criteria and financing conditions, RUSNANO, being the largest Russian company specializing in investing in innovative technologies in Russia, was chosen as a co-investor.

In December 2009, after evaluating the investment attractiveness and the prospects of the project, the Supervisory Board of RUSNANO made the decision to participate in the charter capital of NikoMag.