January 2007: Renova Media Enterprises, part of Renova Group (Moscow), acquired 100% shares of OOO “EXE Corporation” (owned by its management) for $20 million.
About Renova
Renova Group is a Russian asset management company, stakeholder and strategic investor in the leading Russian and international companies in the oil, metals & mining, electricity, housing & utilities, media, machine engineering, construction, chemicals and financial sectors.
Renova Group holds shares in leading international and Russian operations, including such global companies as TNK-BP, United Company Rusal, OC Oerlikon, Sulzer and Integrated Energy Systems. Besides, Renova Group affiliates investment companies that operate in power & utilities (OJSC Russian Utilities), real estate (Renova-StroyGroup), portfolio investment (Renova Capital), telecommunications (AKADO), metals & mining (AfroAsia) and renewable energy (Avelar Energy Group). The strategic objectives of Renova Group are maximize organic and external growth of the Group’s assets by means of enhancing management structure, developing innovative technologies, diversification of investments, adequate risk evaluation and active promotion of business at a global level. The Group’s strategy is based on the creation of open partnerships and alliances in order to develop the business efficiently. The assets of Renova Group in mid-2007 amounted to US$ 17,9 bn in value. Renova Group is present in 34 regions in Russia, CIS, Switzerland, Italy, South Africa, USA, Latvia, Kirghizia and Mongolia. The total staff of Renova companies exceeds 100,000 employees. The high professional skills and diversity of Renova’s staff are an essential asset to the Group’s success. Renova Group is guided by the principles of social responsibility and transparency. It pursues a socially responsible business policy and provides for sustainable social and economic development of business and regions, where the Group has its operations. Renova Group is a participant in the UN Global Compact Initiative, a World Economic Forum (WEF) Industry Partner and a signatory of the Partnering Against Corruption Initiative of the WEF (PACI).
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August 31st, 2009 at 11:45 pm
I didn’t have time to write a short letter, so I wrote a long one instead.- Mark Twain