Zonoville Investments Limited, a consortium of investors led by Renova Group and Access Industries, has announced that it had reached an agreement with Onexim Group to purchase its 6% stake in the United company RUSAL Plc.
Following completion of the purchase, Zonoville Investments Limited and its associate SUAL Partners Limited will hold, in aggregate, approximately a 26.5% interest in United company RUSAL Plc.
Renova Group of companies (www.renova.ru) is a major private Russian business group which owns and manages assets in metallurgy, mining, chemical, construction, transport, energy, telecommunications, high-tech engineering, public utilities, medicine and financial sectors in Russia and abroad (CIS, Switzerland, Italy, South Africa and the United States of America). Renova´s largest assets include its interests in UC Rusal, T Plus Group, OCTO Telematics and Swiss-based technology concerns Schmolz+Bickenbach, OC Oerlikon, and Sulzer.
Founded in 1986 by Len Blavatnik, an American entrepreneur and philanthropist, Access Industries is a privately held industrial group with strategic investments in the United States, Europe, and South America. With corporate offices in New York, London and Moscow, its holdings include a number of market-leading companies in the Natural Resources and Chemicals, Media and Telecommunications, Venture Capital, and Real Estate sectors. For more information, visit www.accessindustries.com.