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RENOVA Group

Renova Group acquires 1.5 million shares of OC Oerlikon and now holds a 24.39 % stake

Zurich (ots)

Renova Group has bought 1.5 million shares of the
Swiss high-tech company OC Oerlikon from Deutsche Bank in a single
transaction and now owns 24.39 % in shares of the company and a call
option with actual delivery for 1,073,941 shares, equal to a further
7.60 % stake in OC Oerlikon. According to Renova Group Chief
Investment Officer and OC Oerlikon Vice-Chairman Vladimir Kuznetsov,
this increase of Renova's stake emphasizes the group's long-term
commitment as a partner for the future of OC Oerlikon.
Vladimir Kuznetsov adds that Renova Group is looking forward to
continuing its cooperation with OC Oerlikon's management and thereby
enhancing the company's development.
Urs Meyer, Head of Industrial Investments of Renova Group, is
convinced of the growth potential of OC Oerlikon and its
perspectives. "As a leader in its market segments, OC Oerlikon offers
great potential for growth and promises to deliver sustainable value
over the long term. Renova Group supports the goals of the company
and believes in its future", says Meyer.
Details of the transaction will be released in the disclosure
notice.
About Renova Group:
Renova Group is a leading Russian private business group that
holds and manages participations in mining, metallurgy, oil,
mechanical engineering, chemical, energy, real estate development,
housing, utilities, telecommunications, nanotechnology and financial
sectors in Russia as well as the CIS, Switzerland, Italy, South
Africa and the United States. Among the group's most important
involvements are investments in the Russian-British oil joint-venture
TNK-BP, in UC RUSAL, one of the worldwide largest aluminum companies,
in the Russian utility company IES, as well as in the Swiss high-tech
and industrial companies OC Oerlikon and Sulzer. The assets of the
group as of the first half of 2007 amount to USD 17.9 bn.
About OC Oerlikon:
Oerlikon is a globally leading company in the field of solar, thin
film, vacuum propulsion, textile and precision technology. Based on
these core competencies, Oerlikon develops production systems,
components, and services for high-technology products. The company's
commercial activities center on turn-key solutions for the
manufacturing of thin film silicon solar modules (Oerlikon Solar)
protective coatings for precision tools and components production
systems for data storage devices and wafer (Oerlikon Coating),
systems for producing vacuums and conveying process gases (Oerlikon
Vacuum), textile production (Oerlikon Textile) and propulsion
technology (Oerlikon Drive Systems) as well as optical components,
aerospace and semiconductor technology (Oerlikon Components). In
2007, more than 19,000 employees at 170 sites in 35 countries
generated sales of CHF 5.6 billion at an EBIT of CHF 469 million.
Sales of considerably more than CHF 6 billion are projected for 2008.
The company is listed on the Swiss stock exchange.

Contact:

Markus Blume
spokesperson Renova Group (Switzerland/international)
Phone: +41/43/210'95'62

Andrey Shtorkh
official representative of Renova Group (Russia)
Phone: +7/495/975'02'40

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    RENOVA Group acquires stake in technology company Sulzer through its Everest investment vehicle

    Zurich (ots) - RENOVA Group is acquiring a position in Sulzer based in Winterthur that will bring its total position in the company to approximately 18% in shares, plus additionally 14% in physical delivery options. These shares and options are to be held via Everest Beteiligungs GmbH, which is Renova's joint venture with the Austrian Victory. By investing into ...