July 26, 2016 4:04 AM ET

Industrial Conglomerates

Company Overview of Renova Group

Company Overview

Renova Group is a principal investment firm specializing in investments in metals, mining, chemical, construction, transport, energy, telecommunication, high-tech machine building, public utilities and financial sectors. The firm primarily makes investments in in Russia, abroad with a focus on CIS, Switzerland, Italy, South Africa and USA, and outside Russia in consistency with the strategic development logics of the firm’s conventional industries and synergy with Russian assets. It prefers to make joint investments with controlling stake. Renova Group is based in Moscow, Russia. Renova Group was founded in 1990 and is based in Moscow, Russia.

Malaya Ordynka, 40

Uniform Information Service

Moscow,  115184

Russia

Founded in 1990

Phone:

7 495 720 4999

Fax:

7 495 720 4998

Key Executives for Renova Group

Chief Managing Director
Age: 59
Chief Managing Director
Age: 61
Chief Financial Executive and Member of the Executive Board
Age: 43
Chief Operations Officer and Chairman of The Executive Board
Age: 45
Project Director
Age: 42
Compensation as of Fiscal Year 2016.

Renova Group Key Developments

Modison Metals Ltd. Signs MOU with Renova Group

Modison Metals Ltd. signed MOU with Ekaterinburg Non-Ferrous Processing Plant”, Russia, (Renova Group) to float a joint venture company in India to manufacture and sell jointly with their technology, precious metal products for electronic and automobile industry.

Rostelecom Reportedly Resumes Talks To Buy Akado

Talks between Public Joint Stock Company Long-Distance and International Telecommunications Rostelecom (MISX:RTKM) and Akado Oy have been resumed. The former is looking to buy the latter, Vedomosti reported. The first negotiation, which took place in 2013, yielded no result. In May 2014, Viktor Vekselberg said that his Renova Group decided not to sell Akado. Two people close to both sides of negotiations told Vedomosti that the two companies are mulling the idea again. According to one of them, a possibility of paying for Akado's assets with Rotelecom's quasi-treasury shares is being discussed. The second source confirmed that this scenario was considered.

Petropavlovsk May Merge With Zoloto Kamchatki

Petropavlovsk Plc, which operates in Russia, is open for a potential merger with gold producer, Zoloto Kamchatki, a unit of businessman Viktor Vekselberg's Renova Group, Petropavlovsk CEO Pavel Maslovsky told Bloomberg. Petropavlovsk sees a "big potential" for the merger, but no talks are being held and no merger proposals have been made so far, he said.

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