Renova announced partial exit from its investment in Oerlikon
Pursuant to a press release issued by Liwet Holding AG, Zurich (“Liwet”) on May 18, 2018, Renova has divested the majority of its shareholdings in Liwet, Renova’s Swiss company holding a major stake in Oerlikon. As a result, Renova’s effective shareholding in Liwet dropped below the controlling block and amounts to 44.46 % in total. While Renova’s shareholdings in Oerlikon have fallen from 43.04 % to approximately 20 %, Liwet’s stake in Oerlikon remains unchanged.
