June 21, 2018 6:21 AM ET

Capital Markets

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: 60
Chief Managing Director
Age: 62
Chief Financial Executive and Member of the Executive Board
Age: 44
Chief Operations Officer and Chairman of The Executive Board
Age: 46
Deputy Chairman of the Executive Board & Project Director
Age: 52
Compensation as of Fiscal Year 2017.

Renova Group Key Developments

GV Gold Reportedly In Talks To Buy Gold of Kamchatka

A possible M&A deal involving Gold of Kamchatka is under discussion, the gold miner's owner Victor Vekselberg said. "Discussions are underway," Vekselberg told Interfax, responding to a question on whether Renova Group is selling its Zoloto Kamchatki to Public Joint Stock Company "GV Gold", on the sidelines of a Russian Union of Industrialists and Entrepreneurs (RUIE) meeting on the digital economy. Newspaper Kommersant had earlier reported, citing sources, that GV Gold is conducting talks to buy Gold of Kamchatka, although several sources told the paper that GV Gold was considering various M&A options and that Gold of Kamchatka was just one asset being looked into.

GV Gold Plans To Buy Zoloto Kamchatki From Renova

According to unofficial data, the gold mining company Public Joint Stock Company "GV Gold" intends to buy the company Zoloto Kamchatki from Viktor Vekselberg's Renova Group. Presumably, the parties have already signed an agreement on the basic terms of the transaction. Its amount may exceed $500 million (€418.47 million), including a debt of Zoloto Kamchatki. The size of the debt and other terms of the transaction are not disclosed. A GV Gold said that the information was rumors.

GV Gold in talks with Renova to acquire Zoloto Kamchatki

Public joint Stock Company "GV Gold" is reportedly in talks with Renova Group to acquire Zoloto Kamchatki. GV Gold is negotiating acquisition of Zoloto Kamchatki from Renova Group of businessman Viktor Vekselberg, Kommersant business daily reported on September 28, 2017 citing four sources. Some sources said that the deal may be announced soon. Another source said that GV Gold is exploring various M&A options and Zoloto Kamchatki is among six gold companies under consideration, including Lenzoloto, part of Polyus.

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