Asset management in TVEL JSC is aimed at improvement of the structure and increase of the efficiency of non-current assets that include shareholding of subsidiaries and other business companies, and capital assets, in particular the real estate units.

Management of shareholding of the companies of TVEL Fuel Company is based on the mechanism of corporate relations and on internal documents determining the procedure of interaction between TVEL JSC and its subsidiaries in different fields. The most important decisions on non-current assets management are made by the General Meeting of the Shareholders (the Sole Shareholder) and the Board of Directors of TVEL JSC within their competence.

Management of the Company’s non-current assets is performed through the unified database of capital assets including non-private federal facilities used by the subsidiary companies of TVEL JSC.

Acquisition and disposal of the real estate property of the subsidiaries regardless of its cost is performed subject to approval of the transactions by the Board of Directors of these companies. Real estate is sold on a competitive basis at a market price.

Asset management procedures ensure efficiency and transparency of the decisions made on non-current assets transactions; and such procedures are aimed at increase of the Company’s income.

In 2017, the list of subsidiaries underwent the following changes: TVEL JSC established RusAT LLC in cooperation with Centrotech SPA LLC.